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 September 30, 2022 the aggregate fund of benefits stood at $249 million for pension plans in Grenada. The total number of plans registered are fifty (50), of which, forty-six (46) plans are active, and four (4) plans are being wound up or are inactive.

Active

  1. ACB Grenada Bank Pension Fund Plan
  2. Andall & Associates Inc Defined Contribution Pension Plan
  3. Ariza Credit Union Limited Employees' Pension Plan
  4. Aviation Services of Grenada Limited Pension Scheme
  5. Bryden & Minors Limited & Associated Companies Pension Fund Plan
  6. Caribbean Agro Industries Limited Pension Fund Plan
  7. CasePak Company (Grenada) Limited Staff Pension Plan
  8. Columbus Communications (Gda) Limited Pension Plan 
  9. Communal Cooperative Credit Union Pension Fund Plan
  10. Country Cold Store Limited Pension Fund Plan
  11. Courts Grenada Limited Pension Fund Plan  
  12. Demerara Mutual Life Assurance Society Limited Grenada Sales Representatives Pension Plan
  13. Demerara Mutual Life Assurance Society Limited Office Staff Pension Plan   
  14. Digicel Grenada Limited Pension Fund Plan   
  15. Duty Free Caribbean (Grenada) Defined Contribution Pension Plan    
  16. First Caribbean International Bank Limited Retirement Plan
  17. Grenada Airports Authority Staffs’ Pension Plan       
  18. Grenada Bureau of Standards Pension Plan
  19. Grenada Cooperative Bank Limited Defined Contribution Pension Plan
  20. Grenada Development Bank's Pension Plan
  21. Grenada Electricity Services Limited Non Management Staff Retirement Plan
  22. Grenada Electricity Services Limited, Managerial, Professional, Supervisory and Administrative (MaPSA) Staff Retirement Plan
  23. Grenada Investment Development Corporation Pension Fund Plan
  24. Grenada Ports Authority Termination Benefit Plan
  25. Grenada Seamen & Waterfront Workers' Union Retirement Benefit Plan
  26. GTM Group of Insurance Companies (Grenada) Pension Scheme for Sales Representative
  27. GTM Group of Insurance Companies (Grenada) Pension Scheme for Administrative Staff
  28. Guardian General Insurance (OECS) Limited Pension Fund Plan
  29. G.U.T. Co-operative Credit Union Ltd Group Annuity Plan
  30. Housing Authority of Grenada Pension Fund Plan
  31. Huggins Pension & Trust Fund Pension Fund Plan
  32. Iam Jet Centre Grenada Limited Employee Pension Plan
  33. Independence Agencies Limited Pension Fund Plan
  34. Jonas Browne & Hubbard (Gda) Limited & Associated Companies Pension Fund Plan
  35. L L Ramdhanny & Company Limited Pension Scheme
  36. Marketing & National Importing Board Pension Fund Plan
  37. National Insurance Board Employees Pension Plan
  38. National Insurance Scheme Pension Plan
  39. Netherlands Insurance Co (WI) Limited Pension Fund Plan
  40. New Life Organization (NEWLO) Pension Fund Plan
  41. Republic Bank (Grenada) Limited Pension Plan
  42. Republic Bank (EC) Limited Pension Plan
  43. Spice Island Beach Resort Pension Plan
  44. St. George's University Limited Staff Pension Fund Plan
  45. 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 September 30, 2022)
0
REGISTERED PLANS
(As at September 30, 2022)
0
ACTIVE PLANS
(As at September 30, 2022)
0
INACTIVE PLANS
(As at September 30, 2022)

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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Wednesday, 08 February 2023

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