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.