PENSIONS

Overview
Legislation
Registered Pension Plans

pensions

Regulation and supervision of pension plans are covered under the Insurance Act and commenced, for the first time, in Grenada in 2011. Under the Insurance Act all pension plans are required to be registered with GARFIN. As at March 31, 2018 the aggregate fund of benefits stood at $203 million for pension plans in Grenada. The total number of plans registered are forty-six (46), of which, thirty-eight (38) plans are active, and eight (8) plans are being wound up or are inactive.

Active

  • Courts Grenada Limited Pension Fund Plan                 
  • Grenada Bottling Company Limited Pension Fund Plan
  • Independence Agencies Limited Pension Fund Plan                                        
  • Communal Cooperative Credit Union Pension Scheme                                
  • Grenada Public Service Credit Union Limited Pension Plan
  • CasePak Company (Grenada) Limited Staff Pension Plan
  • Country Cold Store Limited Pension Scheme                                                 
  • Colombian Emerald International (Grenada) Pension Plan                                  
  • GTM Group of Insurance Companies (Grenada) Pension Scheme for Sales Representative
  • GTM Group of Insurance Companies (Grenada) Pension Scheme for Administrative Staff
  • Andall & Associates Inc Defined Contribution Pension Plan
  • Bryden & Minors Limited & Associated Companies Pension Fund Plan
  • Demerara Mutual Life Assurance Society Limited Grenada Sales Representatives Pension Plan
  • G.U.T. Co-operative Credit Union Ltd Group Annuity Plan
  • First Caribbean International Bank Limited Retirement Plan 
  • New Life Organization (NEWLO) Pension Fund Plan
  • Netherlands Insurance Co (WI) Limited Pension Fund Plan
  • RBTT Bank (Grenada) Limited Pension Fund Plan
  • Republic Bank (Grenada) Limited Pension Plan
  • Guardian General Insurance (OECS) Limited Pension Fund Plan
  • United Insurance (Grenada) Limited Pension Plan
  • Housing Authority of Grenada Pension Fund Plan
  • Caribbean Agro Industries Limited Pension Fund Plan
  • Insurance Consultants & Associated Companies Staff Pension Plan
  • St. George's University Limited Staff Pension Fund Plan
  • Grenada Industrial Development Corporation Pension Fund Plan
  • Marketing & National Importing Board Pension Fund Plan                         
  • Digicel Grenada Limited Pension Fund Plan
  • L L Ramdhanny & Company Limited Pension Scheme                             
  • Jonas Browne & Hubbard (Gda) Limited & Associated Companies Pension Fund Plan
  • Huggins Pension & Trust Fund
  • Columbus Communications (Gda) Limited Pension Plan (FLOW)
  • Grenada Cooperative Bank Limited Defined Contribution Pension Plan
  • Grenada Electricity Services Limited, Managerial, Professional, Supervisory and Administrative (MaPSA) Staff Retirement Plan 
  • National Insurance Board Employees Pension Plan
  • Grenada Electricity Services Limited Non Management Staff Retirement Plan
  • Iam Jet Centre Grenada Limited Employee Pension Plan
  • Grenada Seamen & Waterfront Workers' Union Retirement Benefit Plan
  • Grenada Development Bank's Pension Plan

Inactive

  • Clico International Life Insurance Ltd Pension Fund Plan (Agents)
  • Clico International Life Insurance Ltd Pension Fund Plan (Staff)
  • Cromwell Scott & Company Limited Pension Fund Plan (To be Cancelled)
  • Demerara Mutual Life Assurance Society Limited Office Staff Pension Fund Plan
  • Grenada Ports Authority Pension Fund Plan

TOTAL ASSETS

(As at September 30, 2018)

REGISTERED PLANS

(As at September 30, 2018)

ACTIVE PLANS

(As at September 30, 2018)

INACTIVE PLANS

(As at September 30, 2018)