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Tag: Retirement age

Pension payouts under the new law

Pension payouts under the new law

| 03/07/2017 | 7 Comments
I’m writing to you to ask about the new pension law in regards to people getting their money when they leave the island. Up to this point, when people left the island, if they had $5K or less they were able to get their money in six months, and for over $5K the wait was two […] [...]

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Collecting pension does not equal retirement

Collecting pension does not equal retirement

| 03/06/2016 | 6 Comments
Do the recent changes in the Pensions Law and the adjustment of the retirement age from 60 to 65 have the effect of extending the working years for anyone that will be 60 later this year? Auntie’s answer: That is a really good question because the answer will probably affect – and surprise ̵ [...]

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