How much should I contribute each month?

We encourage you to understand how our pension plan works.

You and your employer must contribute an amount that, when combined, equals 10% of your earnings (up to maximum earnings of CI$87,000 a year). Your employer’s share must equal at least 5% of your earnings.

Are you wondering what we classify as ‘earnings’?

Earnings include any wages, salary, leave pay, fees, commissions, bonus (to the extent that it is more than 20% of your basic wage or salary), and gratuities received from an employer. Earnings do not include severance payments, retirement or long-service recognition payments, or health insurance premiums.

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