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.
Employees will be eligible to join the Silver Thatch Pensions Plan on the first day of their employment with you, provided they:
- are at least age 18,
- are under age 65, and
- have Caymanian or permanent residency status.
Employees who meet the age requirements but who do not have Caymanian or permanent residency status – principally expatriates – will be eligible to join the Silver Thatch Pensions Plan once they’ve worked in the Cayman Islands continuously for at least nine months.
By law once an employee meets the eligibility requirements, they must join the Silver Thatch Pensions Plan.
As soon as an employee meets the eligibility requirements, you must provide him/her with the Silver Thatch Pensions:
- Member handbook, Investing for Life;
- Smart Investor Guide;
- Member Enrollment Form; and
- Additional Voluntary Contribution Form.
The law requires that you give an employee a copy of the member handbook within 30 days of him/her meeting the eligibility requirements. (The employer must complete the bottom section of the Member Enrollment Form confirming that the employee has received a copy of the handbook.)
For more information please refer to the Employer Handbook (make live link to the handbook) or contact one of our agents at support@silverthatch.org.ky.