s.25Eligibility for membership
25
Section 25Part 4 — Membership

Eligibility for membership

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25. (1) Subject to subsection (2) all employees between the ages of eighteen years and the normal age of pension entitlement shall be members of a pension plan. Section 26 National Pensions Act (2024 Revision) Page 32 Revised as at 31st December, 2023 c
Employers are not required to provide pension plans, or to contribute to pension plans, for the benefit of employees who do not have Caymanian status, or who are not permanent residents, within the meaning of the Immigration (Transition) Act (2022 Revision) and who, in either case —
have been working in the Islands for a continuous period of nine months or less*; or
are employed as a household domestic. * Section 18(2)(i) of the National Pensions (Amendment) Act, 2016 [Law of 2016] which amended the period from ‘nine’ to ‘six’ months has not yet commenced.
Every self-employed person shall either be a member of an approved pension plan or shall contribute to an individual pension entitlement account with an approved provider.
Where an employee is employed by more than one employer, each employer shall be liable to pay contributions to a pension plan in respect of such employee.
With the approval of the Director, an employer may offer or establish a separate pension plan for employees employed in less than full-time continuous employment.
The Director shall approve a separate pension plan referred to in subsection (5) if the Director considers that the separate pension plan provides benefits equivalent to those in the pension plan maintained by the employer for employees of the same class employed in full-time continuous employment.

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