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Best Cayman pension plans and retirement scheme; secure retirement fund and enjoy retirement income. Enrol for Silver Thatch guaranteed pension plan now!
Know more: https://silverthatch.org.ky/
Best Cayman pension plans and retirement scheme; secure retirement fund and enjoy retirement income. Enrol for Silver Thatch guaranteed pension plan now!
Joining a pension plan is no longer a matter of choice. Fortunately you do have a choice when it comes to choosing which plan. Opt for Silver Thatch employee pension plans.
The Silver Thatch Pensions Plan gives Caymanians and other eligible Plan members a wonderful opportunity to build retirement savings. As an employer, additionally it gives you an equally compelling opportunity to support their efforts
If you have any questions about the Silver Thatch Pensions Plan or its operations, or just simply wish to learn more, please feel free to contact our office via phone at 345-943-7770 or email support@silverthatch.org.ky to book an appointment.
In 1998, the Cayman government enacted legislation that requires all employers to provide their workers with pension benefits. Under the National Pensions Law, a pension plan must be registered and meet certain provisions.
Silver Thatch Pensions was established in 1997 to meet the requirements of that new legislation. Today, Silver Thatch Pensions is one of the largest pension providers in the Cayman Islands.
Under the corporate pension plans in the Cayman Islands, employees and their employer make monthly basic contributions based on the employee's earnings.
In which portfolio(s) an employee’s contributions and pension account are invested will depend on his/her personal risk profile. Specifically, it will depend on three key factors: the employee’s age, income range and marital status.
We’ve been with you for the past 23 years and we’re here for you now. Due to the announcement made at yesterday’s press conference (Monday, April 20th) regarding pension withdrawals, we have seen a significant increase in traffic. Please bear with us as we strive to provide the same level of customer service you’ve come to expect from the team at Silver Thatch. We’re here for you and we value each and every one of our members.
When you retire, you will have three options for receiving your retirement benefits: an annuity, a retirement income fund or a retirement savings arrangement (RSA). 1. Annuity. If you choose the Annuity option, all of your Silver Thatch Pensions investment will be cashed in and the money used to buy an annuity. There are different &hellip
Why Make AVCs? Additional voluntary contributions (AVCs) are an important part of Silver Thatch Pensions programme. These contributions: allow you to boost your account value to help ensure that you have enough saved for your retirement; allow you to save through the convenience of payroll deductions or lump sum deposi
You decide where to invest your Additional Voluntary Contributions (AVCs). You can pick from any of five professionally managed portfolios. These include the three “core” portfolios available for basic contributions (i.e., the growth, balanced, and conservative portfolios), as well as two others:
To start or stop AVCs, reallocate AVCs, or make a lump-sum contribution, you must complete an Additional Voluntary Contribution Form.
Learn more on contributions, additional voluntary contributions and other important information according to the new National Pension Law in Cayman Islands.
Your pension isn’t just about you. It’s also about the financial security of those who depend on you. With that in mind, Silver Thatch Pensions include some important provisions to protect your survivors.
We detail critical changes to the pension laws and have created best retirement pension plans in the Cayman Islands. Find top pension plans with Silver Thatch Pensions.
We encourage members of the Silver Thatch Pensions Plan to browse our Employer Handbook and forms.
Enrol in the best multi employer pension plans and retirement scheme in Cayman. Download the mentioned additional forms for further assistance.
Contributions in pension plan for lawyers in Cayman Islands and other self employed professionals; along with employee-employer pension contributions as well.
We know our members work hard for their money, which is why we work hard for them. Since 1997, we have been helping employers meet with pension obligations. Today, we are one of the largest pension plans in the Cayman Islands. At Silver Thatch, we are singularly focused on growing our members’ investments in ways that maximize their returns while minimizing their risk.
FAQs, Retirement Calculator, STP Lifecycle Calculator, Retirement Income Calculator, Links, Glossary, Additional Forms
Financial Performance of Silver Thatch Pensions
The employee decides where to invest his/her additional voluntary contributions (AVCs). He/she can pick from any of five professionally managed portfolios. These include the three “core” portfolios available for basic contributions (i.e., the growth, balanced, and conservative portfolios), as well as two others:
an ultra-conservative income portfolio made up almost entirely of bonds, and
an aggressive growth portfolio made up almost entirely of equities.
This range of five portfolios is designed to help employees select an asset mix that suits their individual investment needs and comfort level.
Silver Thatch is committed to ongoing communication, and accordingly, Silver Thatch provides members with statements of their account balance on a quarterly and annual basis. Additionally, quarterly investment information and news bulletins are also available and updated frequently.
Learn more about Employers Contributions like basic contributions, additional voluntary contributions, and remitting contributions - Silver Thatch Pensions
The Silver Thatch Pensions Plan is governed by a Board of Trustees that is elected by the membership at an Annual General Meeting (AGM). The role of the Trustees is to ensure the Plan is administered in accordance with applicable legislation and in the best interests of members.