Topic: pension withdrawal
Bill released for early pension withdrawals to pay mortgages
The government is seeking public feedback on proposed amendments to the National Pensions Act, which would allow Caymanians to withdraw money from their pension plans to buy or build homes or pay off their mortgages.
Economist cautions against another pension fund raid
Economist Marla Dukharan has urged the government to think twice before allowing Cayman residents to make more early withdrawals from their pension funds to pay off their mortgages.
Nearly $310 million withdrawn from pensions in May
Local workers withdrew almost $310 million from their pensions in May, using government’s COVID-19 emergency-withdrawal measure, according to statistics from the Department of Labour and Pensions.
Live: Ask the Experts – How to spend your pension money
You've taken money out of your pension. What's the best thing to do with it now?
On this week's Ask the Experts roundtable, Liberty Wealth's...
Royalty Fidelity apologises for pension withdrawal delays
All Fidelity Pension Plan members who successfully applied on or before 29 May for an emergency withdrawal from their pension accounts have now been processed for payment, according to RF Group.
