News Articles
Topic / Pension
Shaw promises restitution on $7b withholding tax debtFinance Minster Audley Shaw disclosed Tuesday that government owes private pension funds some $7 billion in unpaid withholding taxes, but said some of the debt would be paid down this financial year....
The mixture of cynicism and sympathy that has greeted our reports on the health and financial state of retired parliamentarians was to be expected....
First, let me say many thanks for the great advice you give in your column. Now, my question is related to optional contributions to a pension fund. I contribute an additional five per cent to my pension fund and I have found myself in a little financial difficulty at this time. Are my optional contributions available to me on request? Many thanks for your reply....
Sagicor Life Jamaica and Guardian Asset Management, the two financial institutions that manage Alumina Partners of Jamaica's (ALPART's) pension fund, have both stated that they will not be overly affected by the winding up of the bauxite company's pension plans....
Audley Shaw, minister of finance and the public service, delivered the much-anticipated 2009-10 Budget-presentation in Parliament on Thursday....
Scotia Jamaica Life Insurance Company (SJLIC) is now moving ahead with the launch of a retirement scheme in early March, having got the green light from the Financial Services Commission (FSC)....
Overturning a Court of Appeal ruling that all ex-employees have a right to share in the windfall, the Privy Council has ruled this week that only the two workers still contributing to Gillette Jamaica's pension scheme at the time of its closure eight years ago are entitled to the $42 million sur-plus in the fund at the time....
Finance Minister Audley Shaw has said that the government was looking to lift the ban on the formation of new unit trusts in the island....
The United Kingdom Privy Council yesterday settled the legal debate in Jamaica as to who should benefit from the assets and surplus in a discontinued pension plan....
Cable and Wireless Jamaica/LIME has claimed $1.5 billion in cash credit from two pension schemes that were restructured by the company last year and has used some of that income to fatten its mid-line income....
