If you leave covered employment, contact the Pension Fund Office to make any necessary updates to your contact information (address, phone number, etc.) If you are eligible for a pension when you leave covered employment, contact the Pension Fund Office to start the pension application process.
We have moved!
Our new office is located on the 3rd Floor of the Bahamas Tourism Centre on John F Kennedy Drive. You may contact the Pension Fund Office at 322-2262.
Reminder to verify!
December 2011 was the month for Pensioners to verify. If you have not verified, please visit our office as soon as possible to confirm your eligibility to receive monthly pension payments for 2012. The Certificate of Continuing Eligibility form is available online and at the Pension Fund Office.
VECA News
In January of 2008, the Board of Trustees of the Bahamas Hotel Industry Management Pension Fund introduced a new benefit that allowed participants to voluntarily defer a portion of their current salary as a savings for retirement. If you chose the Voluntary Employee Contribution Account (VECA), you would have set aside additional (savings) money to supplement the monthly pension benefit provided by your Employer through the Pension Plan at retirement. The Trustees granted 2.5% interest for VECA contributions in 2008, 7.0% in 2009 and 6.0% in 2010. All are extraordinary interest rates in today’s investment world. If you have questions regarding the VECA, you can call the Pension Fund Office or see your HR representative today.
Keep Your Info Up to Date
Any time is a good time to update pension information or change beneficiaries.
Reminder! December 2011 is the month for Pensioners to verify. You must confirm your eligibility to receive monthly pension payments for the year that follows. The Certificate of Continuing Eligibility form is available online and at the Pension Fund Office beginning December of every year.
What Happens If I Keep Working After I’ve Reached Age 65?
You may apply for and receive a pension at age 65 even if you are still working in covered employment at the time. Your employer will no longer make contributions to the Fund on your behalf, and you will stop earning additional pension credits. You may also choose to defer payments and receive an increased pension once you retire. In this case, your employer will continue to contribute to the Fund and you will continue to earn additional pension credits.
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Learn how the Plan works. |
Find answers to common questions about the Fund. |
Find all the forms you need. |
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See who the current Fund trustees are. |
Find out how to reach the Pension Fund Offices via phone, fax, email, mail, or in person. |
Link to other helpful sites. |
