When your phone number changes, notify the Pension Fund Office. Please be sure to keep your contact information current at all times.
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
Can I Make Contributions to the Pension Plan?
Yes. As of 1 January 2008, the Fund allows you to voluntarily defer a portion of your salary—in 2% increments, up to 10% of your current salary—to the Pension Fund to save for your retirement. You must make your election each Fall, and that election remains in effect for the entire following calendar year. These voluntary contributions are in addition to the contributions already made to the Fund on your behalf by your employer.
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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. |
