MHF workers now have pension plan | THE DAILY HERALD

CAY HILL–Mental Health Foundation (MHF) workers now have a pension plan with benefits such as an old age pension, widow/widower’s pension, orphan’s pension and disability insurance.

The pension plan went into effect as of July 1, 2018 and will be retroactive to 2017. A total of 24 workers are currently covered under the plan. The pension plan was tailor made for MHF thanks to the efforts of MHF staff, board and Guardian Group.

Guardian Group is the pension provider and holds the contract for the plan, while Esurance Caribbean is the broker whom provided advisory services and will be maintaining the plan in the future.

Esurance Caribbean Manager Mano van der Camp said on Tuesday the staffers at MHF are “doing an amazing job and it’s satisfying to see they get rewarded with employee benefits such as a pension plan.”

He said a pension plan is essential for any worker in St. Maarten. “An important aspect to know is that pension premiums are tax deductible. It’s the most rewarding and safe method to build up capital and income,” he said. “A pension plan can be tailored according to the needs and the budget of the employer.”

Source: The Daily Herald