Topic: Public Service Pensions Board
Caymanian Talent Wins PSPB 2024 Employee of Year Award
The Public Service Pensions Board (PSPB) is pleased to announce that Jose Vasquez has been selected as the 2024 Chief Executive Officer’s (CEO) Employee of the Year Award recipient.
PSPB Appoints Bracker to Key Leadership Role
The Public Service Pensions Board (PSPB) is pleased to announce the appointment of Valentine (Shavon) Bodden to the full-time role as the Member Services Officer (MSO) for the Cayman Brac office.
Christmas bonuses for civil servants, public service pensioners
Premier Juliana O'Connor-Connolly came bearing gifts for Cayman's public service pensioners and civil servants Thursday night as she announced increases in pension payments and a one-time bonus for government workers.
Public Service pensioners get one-off cost of living payment
Public Service pensioners have received a one-off summer bonus payment of $450 in their accounts.
Business in brief
Public Service Pensions Board updates administration system
The Public Service Pension Board has selected a new provider to replace its pension-administration system.
Sagitec’s pension-administration solution NeospinTM...
New head for Public Service Pensions Board
Sheree Ebanks has been appointed the new chairperson of the Public Service Pensions Board.
Public Service Pensions Board opens on the Brac
The Public Service Pensions Board has officially opened its office on Cayman Brac. On Friday, Governor Martyn Roper, Deputy Governor Franz Manderson and other officials led the ribbon-cutting ceremony at the office on Dennis Foster Road.
3 new trustees appointed to pensions board
Orrett Connor, Sheree Ebanks and Robin Ellison have joined the Public Service Pensions Board as new trustees.
Extra cash for more than 300 pensioners
More than 300 retired Cayman Islands civil servants who do not make enough money each month to pay their bills are now receiving a $650-per-month payment from the government-run Public Service Pensions Board.
Public Service Pensions Board fetes Brac seniors
Retirees and special guests on the Brac marked the Public Service Pensions Board’s 25th anniversary.
Appreciation day for pensioners next month
The Public Service Pensions Board, which celebrates its 25th anniversary this year, will hold a “Pensioners Appreciation” event at Pedro St. James on Wednesday, April 12, from 3-9 p.m.
Government pensions liability grows again
The unfunded portion of the Cayman Islands’ main public sector retirement plan rose from about $191 million in 2015 to $220 million in 2016, according to financial statements reviewed by the Cayman Compass.
Tourism sector fears expat pension exodus
Cayman Islands tourism sector managers fear “skyrocketing turnover” within the next year, following government’s decision to set a cutoff date for when workers can receive cash refunds from their retirement accounts.
Government pays $18 million to fund pensions
The Cayman Islands government will give an extra $18 million to its Public Service Pensions Board to “catch up” what a 2014 financial evaluation said it should pay toward the main civil service retirement fund for most older government workers, Finance Minister Marco Archer said last week.
Cayman’s 20-year pension bill: $320 million
The Cayman Islands government has been advised to pay an additional $16 million a year for the next 20 years to help settle funding deficiencies in one of its civil service pension plans.
Public pensions urge government support for funding plan
Cayman’s Public Service Pensions Board said Tuesday that it is “looking forward” to government’s continued cooperation to ensure long-term stability in the three public sector retirement plans it manages.
