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

  1. Andall & Associates Inc Defined Contribution Pension Plan
  2. Ariza Credit Union Limited Employees' Pension Plan
  3. Aviation Services of Grenada Limited Pension Scheme
  4. Bryden & Minors Limited & Associated Companies Pension Fund Plan
  5. Caribbean Agro Industries Limited Pension Fund Plan
  6. CasePak Company (Grenada) Limited Staff Pension Plan
  7. Columbus Communications (Gda) Limited Pension Plan 
  8. Communal Cooperative Credit Union Pension Fund Plan
  9. Country Cold Store Limited Pension Fund Plan
  10. Courts Grenada Limited Pension Fund Plan  
  11. Demerara Mutual Life Assurance Society Limited Grenada Sales Representatives Pension Plan
  12. Demerara Mutual Life Assurance Society Limited Office Staff Pension Plan   
  13. Digicel Grenada Limited Pension Fund Plan   
  14. Duty Free Caribbean (Grenada) Defined Contribution Pension Plan    
  15. First Caribbean International Bank Limited Retirement Plan
  16. Grenada Airports Authority Staffs’ Pension Plan       
  17. Grenada Bureau of Standards Pension Plan
  18. Grenada Cooperative Bank Limited Defined Contribution Pension Plan
  19. Grenada Development Bank's Pension Plan
  20. Grenada Electricity Services Limited Non Management Staff Retirement Plan
  21. Grenada Electricity Services Limited, Managerial, Professional, Supervisory and Administrative (MaPSA) Staff Retirement Plan
  22. Grenada Investment Development Corporation Pension Fund Plan
  23. Grenada Ports Authority Termination Benefit Plan
  24. Grenada Seamen & Waterfront Workers' Union Retirement Benefit Plan
  25. GTM Group of Insurance Companies (Grenada) Pension Scheme for Sales Representative
  26. GTM Group of Insurance Companies (Grenada) Pension Scheme for Administrative Staff
  27. Guardian General Insurance (OECS) Limited Pension Fund Plan
  28. G.U.T. Co-operative Credit Union Ltd Group Annuity Plan
  29. Housing Authority of Grenada Pension Fund Plan
  30. Huggins Pension & Trust Fund Pension Fund Plan
  31. Iam Jet Centre Grenada Limited Employee Pension Plan
  32. Independence Agencies Limited Pension Fund Plan
  33. Jonas Browne & Hubbard (Gda) Limited & Associated Companies Pension Fund Plan
  34. L L Ramdhanny & Company Limited Pension Scheme
  35. Marketing & National Importing Board Pension Fund Plan
  36. National Insurance Board Employees Pension Plan
  37. National Insurance Scheme Pension Plan
  38. Netherlands Insurance Co (WI) Limited Pension Fund Plan
  39. New Life Organization (NEWLO) Pension Fund Plan
  40. RBTT Bank (Grenada) Limited Pension Fund Plan
  41. Republic Bank (Grenada) Limited Pension Plan
  42. St. George's University Limited Staff Pension Fund Plan
  43. United Insurance (Grenada) Limited Pension Plan 


Inactive

  1. Clico International Life Insurance Ltd Pension Fund Plan (Agents)
  2. Clico International Life Insurance Ltd Pension Fund Plan (Staff)
  3. Cromwell Scott & Company Limited Pension Fund Plan (To be Cancelled)
  4. Grenada Bottling Company Limited Pension Fund Plan (To be Cancelled)
  5. Insurance Consultants & Associated Companies Staff Pension Plan (Cancelled)
0
TOTAL ASSETS
(As at December 31, 2021)
0
REGISTERED PLANS
(As at December 31, 2021)
0
ACTIVE PLANS
(As at December 31, 2021)
0
INACTIVE PLANS
(As at December 31, 2021)

Contact us

Office:
P.O. Box 3973, The National Stadium
St. George's, Grenada, W.I.
 
Tel.: +1 (473) 440-6575 / 440-8717
Cell.: +1 (473) 405-5668
 
Fax: +1 (473) 440-4780
 
Email: garfininfo@garfin.org

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