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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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

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.

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