Employees will be eligible to join the Silver Thatch Pension Plan on the day they are hired,
- Are at least age 18,
- Are under age 65, and
- Have Caymanian or permanent residency status
Employees who meet the age requirements but who do not have Caymanian or permanent residency status – mainly expatriates – will be eligible to join the Silver Thatch Pension Plan once they’ve worked in the Cayman Islands continuously for at least nine months. By law, once an employee meets the eligibility requirements, they must join the Plan.