Labour and Pensions Legislation
Published 24th June 2015, 10:1am
The Ministry of Education, Employment and Gender Affairs, along with the Department of Labour and Pensions, has launched public consultation on the following bills:
- Labour Relations Bill, 2015
- National Pensions (Amendment) Bill, 2015
The Ministry and Department invite the public to review the Bills and provide feedback by email: firstname.lastname@example.org.
The Ministry and Department will also be holding a series of district meetings in the months of July and August 2015, to give the public an opportunity to discuss the bills and raise any concerns or questions they may have. The District Meeting Schedule can be downloaded here: Labour and Pensions Bills Public Consultation District Meeting Schedule
All residents of the Cayman Islands are invited to attend.
All feedback must be submitted by Monday, 31st August 2015.
Labour Relations Bill, 2015
The Labour Relations Bill, 2015 will repeal the current Labour Law (2011 Revision) and the Employment Law (2004) which was never fully brought into force. This Bill, once passed, will set the foundation for Labour reform of the largely 3 year old labour legislation and provide improved legislation that is reflective to the current local situation, which takes into account the needs of employees and employers, and which aligns with international best practice.
The primary objectives of the redrafting of the Labour Law (2011 Revision) are as follows:
- to align the Labour Relations Bill, 2015 with the Government’s vision as it relates to its awareness of best human resources practices;
- to clarify the law for the benefit of all users, employees and employers, and other stakeholders, as well as to protect and enhance the rights of employees and employers where prudent;
- to establish clear expectations in dispute resolution as well as timelines for enforcement action;
- to institute a more effective deterrent to non-compliance with the legislation by introducing an administrative fine regime and increasing penalties where appropriate;
- to ensure that efforts are made to lessen the opportunities or loopholes for structural discrimination against Caymanian employees.
To review the Labour Relations Bill, 2015, you can download it here: The Labour Relations Bill, 2015 Consultation Draft
To review a summary of the main changes contained within the Bill, please download the Labour Relations Bill 2015 Summary Notes
National Pensions (Amendment) Bill, 2015
The National Pensions Law governs the private sector pension regime. The National Pensions (Amendment) Bill, 2015 contains the first substantive revisions to the National Pensions Law since its enactment in 1998.
The key objectives of these proposed amendments to the National Pensions Law (2012 Revision) are:
- To align the National Pensions Law with the re-organisation of Labour and Pensions Services in the Cayman Islands;
- To introduce more requirements for pension plans to educate and inform members;
- To introduce new and enhanced mechanisms to improve compliance with the National Pensions Law;
- To increase the age at which persons become entitled to access their pension, recognising the longevity of people in today’s society; and
- To improve pension equity and consistency for all pensionable employees.
To review the National Pensions (Amendment) Bill, 2015, you can download it here: The National Pensions (Amendment) Bill, 2015 Consultation Draft
To review a summary of the main changes contained within the Bill, please download this document: National Pensions (Amendment) Bill, 2015 Summary Notes
For more information on either Bill please email email@example.com.