Topic: Employment Ministry
Pension law changes to come into effect in January
With the New Year comes a raft of changes to Cayman’s retirement system, starting Jan. 1 with the increase of the retirement age from 60 to 65. The first set of changes will also increase the salary maximum so employers will have to contribute to pensions on up to $87,000 worth in salary.
Job programs aim to get Cayman working
The Employment Ministry highlighted a number of new initiatives, including a partnership between the Further Education Centre and the Public Works Department to offer an apprenticeship to students at the school. An internship scheme has also been started for job-seekers signed up with the National Workforce Development Agency.
