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 June 30, 2021 the aggregate fund of benefits stood at $211 million for pension plans in Grenada. The total number of plans registered are forty-seven (47), of which, forty-four (44) plans are active, and three (3) plans are being wound up or are inactive.

Active

  • Andall & Associates Inc Defined Contribution Pension Plan
  • Ariza Credit Union Limited Employees' Pension Plan
  • Aviation Services of Grenada Limited Pension Scheme
  • Bryden & Minors Limited & Associated Companies Pension Fund Plan
  • Caribbean Agro Industries Limited Pension Fund Plan
  • CasePak Company (Grenada) Limited Staff Pension Plan
  • Columbus Communications (Gda) Limited Pension Plan 
  • Communal Cooperative Credit Union Pension Fund Plan
  • Country Cold Store Limited Pension Fund Plan
  • Courts Grenada Limited Pension Fund Plan  
  • Demerara Mutual Life Assurance Society Limited Grenada Sales Representatives Pension Plan
  • Demerara Mutual Life Assurance Society Limited Office Staff Pension Plan   
  • Digicel Grenada Limited Pension Fund Plan   
  • Duty Free Caribbean (Grenada) Defined Contribution Pension Plan    
  • First Caribbean International Bank Limited Retirement Plan
  • Grenada Airports Authority Staffs’ Pension Plan       
  • Grenada Bottling Company Limited Pension Fund Plan
  • Grenada Bureau of Standards Pension Plan
  • Grenada Cooperative Bank Limited Defined Contribution Pension Plan
  • Grenada Development Bank's Pension Plan
  • Grenada Electricity Services Limited Non Management Staff Retirement Plan
  • Grenada Electricity Services Limited, Managerial, Professional, Supervisory and Administrative (MaPSA) Staff Retirement Plan
  • Grenada Investment Development Corporation Pension Fund Plan
  • Grenada Ports Authority Termination Benefit Plan
  • Grenada Seamen & Waterfront Workers' Union Retirement Benefit Plan
  • GTM Group of Insurance Companies (Grenada) Pension Scheme for Sales Representative
  • GTM Group of Insurance Companies (Grenada) Pension Scheme for Administrative Staff
  • Guardian General Insurance (OECS) Limited Pension Fund Plan
  • G.U.T. Co-operative Credit Union Ltd Group Annuity Plan
  • Housing Authority of Grenada Pension Fund Plan
  • Huggins Pension & Trust Fund Pension Fund Plan
  • Iam Jet Centre Grenada Limited Employee Pension Plan
  • Independence Agencies Limited Pension Fund Plan
  • Insurance Consultants & Associated Companies Staff Pension Plan
  • Jonas Browne & Hubbard (Gda) Limited & Associated Companies Pension Fund Plan
  • L L Ramdhanny & Company Limited Pension Scheme
  • Marketing & National Importing Board Pension Fund Plan
  • National Insurance Board Employees Pension Plan
  • National Insurance Scheme Pension Plan
  • Netherlands Insurance Co (WI) Limited Pension Fund Plan
  • New Life Organization (NEWLO) Pension Fund Plan
  • RBTT Bank (Grenada) Limited Pension Fund Plan
  • Republic Bank (Grenada) Limited Pension Plan
  • St. George's University Limited Staff Pension Fund Plan
  • United Insurance (Grenada) Limited 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)
0
TOTAL ASSETS
(As at June 30, 2021)
0
REGISTERED PLANS
(As at June 30, 2021)
0
ACTIVE PLANS
(As at June 30, 2021)
0
INACTIVE PLANS
(As at June 30, 2021)