Cayman. Government mulls pension holiday extension

Premier Alden McLaughlin has indicated that government is considering an extension of the current pension holiday. Implemented as a COVID-19-assistance measure, the moratorium is set to expire at the end of September. It follows legislative changes earlier this year granting workers access to their private-sector pensions as temporary economic relief in the aftermath of the closure of local borders and subsequent rise in unemployment. McLaughlin, when asked by the Cayman Compass last week about a possible extension, said at...