US gov't spending tops $3M in Cayman

The United States government has paid more than US$3.3 million to residents in Cayman since the beginning of 2013, according to a U.S. government data website.  

The site tracks public sector spending in the U.S. and abroad.  

In Cayman, the majority of the money went to multiple recipients for payment of various benefits under the U.S. Social Security retirement scheme, some US$3.26 million between January 2013 and January 2014. Another US$75,202 was spent on benefits for veterans residing in Cayman. 

The only other items listed included about US$7,800 for a security system at the American Consulate offices, located in George Town. An amount of US$4,335 was spent also for rental cars on Grand Cayman during a visit by the U.S. Ambassador in Jamaica.  

1 COMMENT

  1. Correct wording in your reporting is VERY IMPORTANT, that being said, Social Security is only paid to people who have paid money into it.
    IT IS NOT A SCHEME!
    It is not an Entitlement as the US government like to call it. Workers pay into it by the government taking it out of their wages, it is their money.

    Scheme is a very incorrect use of the word in connection with Social Security.

  2. Referring to Social Security in the US as a scheme is wrong. From the first job you get in the US, a portion of your salary is deducted to pay for Social Security as well as Unemployment, this is no scheme. You can only collect either one if you have actually paid a significant amount into it. Social security when you retire and unemployment if you lose your job. Unemployment actually has a cap of 6 Months’ worth of benefits that you can collect no matter how much you paid into it, in some case this can be extended to 12 Months max. I am sure that no US Citizen living in Cayman collected Unemployment benefits, because one the requirements is that you prove that you are actively looking for work, interviewing or taking classes to help you find a job and you have to report on your status each week before getting your check. Those receiving Social Security have worked all their lives and have been paying for these benefits all along so there’s nothing insidious about them enjoying their retirement in Cayman. And by the way both Social Security and unemployment benefits in the US are subject to state and federal Imcome tax withholding even if you’re in Cayman, unlike Welfare which people collect having never paid a dime into it yet still pay no taxes on it, however I am quite sure that there’s no US Welfare recipients even visiting Cayman.

  3. I’m pretty sure the word scheme is connotated differently in British English and refers to a legitimate and organized plan, not the negatively connotated scheme you’re thinking which is how it is interpreted in America. No malice on the Compass’ part i’m sure.

  4. Thanks Christoph, I agree that the Compass didn’t intend to present Social Security in a negative manor. I just wanted to insure that those reading this interpreted it the right way before people stated twisting it out of shape which is known to happen a lot here.

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