The Cayman Islands ('Cayman') the National Pension
(Amendment) Law 2016 ('Amended Law') will come into force
on 31 December 2016, although key changes will come into effect in
the first three months of 2017, to allow preparation of the
necessary regulations. The related Normal Age of Pension
Entitlement Option Order ('NAPEO') will come into effect as
of 1 January 2017.
Cayman Pensions
Those who work for the Cayman government contribute to the
Public Service Pension Fund, but under the National Pensions Law
(2012 Revision) ('Old Law') all other employers and
employees must contribute to a private pension scheme run by a
pension provider regulated by the Cayman Islands Monetary
Authority. NAPEO and the Amended Law affect pension plans
established and maintained for the benefit of employees in Cayman
('Person').
