February 10, 2021
Employers may establish a private pension plan for the benefit of their employees, however, it is not mandatory under the Insurance Act 1998. Private Pension plans generally offer a retirement objective, inclusive of Retirement Benefits Termination Benefits Disability Benefits Sickness Benefits Survivors’ Benefits A private occupational pension plan or private pension plan is a legally binding contract with a retirement objective. This contract may be part of a broader employment contract or may be required…