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Pensions and health insurance conundrum

 

Pensions and health insurance – the debate over how they operate and are managed in the Cayman Islands continues.

Concerns swell over what’s happening on the public sector side – government is expected to owe retirees an estimated $1.39 billion in pension and healthcare payments over the next 20-25 years.
The estimated payments are more than double the total revenues government would earn in any given year. So how will government manage to make the payouts?

In the private sector, concerns loom large over whether the pay out in the twilight years is simply good enough. Accountant Chris Saunders discusses the situation.

About the author

Tammi Sulliman

Tammi Sulliman

Tammi Sulliman is a Caribbean journalist with more than 15 years in the industry. Her roots steeped in print journalism, she made the transition to television in 2007. A reporter and talk show host in the Cayman Islands, she has focused on political and social issues affecting the community. She took the helm of the news product at Hurley's Media Ltd. as News Director in November, 2015. Ms Sulliman was raised in Trinidad & Tobago and graduated with honours in French Linguistics and Professional Writing from the University of Toronto in Ontario, Canada. She is a proud mother and privileged to call the Cayman Islands home.

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