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 by law.


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