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Chamber Pension Cayman Form

Chamber Pension Cayman Form

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Instructions and help about chamber of commerce pension forms

[Music] hi i'm janelle moutou senior labor officer at the department of labor and pensions known as dlp for short the dlp is here to ensure that cayman's labor and pensions laws are complied with and we believe compliance starts with education today we'll focus on the main functions of the dlp's labor unit and some need to know info for your career journey but before we get there it is important for you to know that all caymanian employees between 18 and 65 years of age including self-employed persons must contribute to a pension plan for non-caymanians pension becomes payable after nine months of employment in the cayman islands there are a few exceptions caymanians under the age of 23 who are pursuing full-time education and non-commanding and non-permanent resident household domestics the minimum pension contribution for the employee is 5 of their earnings up to a year's maximum pensionable earnings of ci 87 000 so you're on your way to securing your next job when you do land that o

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