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Pensions law to come into force

The National Pensions Amendment Law will come into force on New Year’s Day, but the majority of the changes will take effect in February.

That’s the word from government, who says the changes we will see come 1 January 2017 include the pensionable age change from 60 to 65. Also, the yearly maximum pensionable earnings will increase from $60,000 to $87,000.

In February, we will see the hike in current fines and the introduction of new ones, which includes prison time.

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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