If you wish to update your beneficiary designation upon the birth of a child, contact the Pension Fund Office.
We have moved!
Our office has relocated to Hotel's House, East Bay Street, i.e. between the Shell East Bay Street Service Station and the Bank of Nova Scotia, East Bay Street branch. You may contact the Pension Fund Office at 322-2262 or 502-4200.
VECA News
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, 6.0% in 2010, 2.0% in 2011, 4.5% in 2012, and 5.0% in 2013. 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.
To be announced
What Happens to My Pension When I Die?
If you die while you are still in covered employment and are eligible for a pension, and you have elected the 50% Joint and Survivor benefit, your spouse is entitled to 50% of the benefit you would have received. A lump sum death benefit also may be payable, depending on your circumstances when you die. See the SPD booklet for more information.
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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. |
