News

The Public Service Pensions Board (PSPB) is officially opening a new office in Cayman Brac and is recognizing this with a Grand Opening Event on Friday, 31^st May 2019.  The event will include the official ribbon cutting and remarks recognizing the opening from dignitaries such His Excellency, The Governor, Mr. Martyn Roper and the Honourable Deputy Governor, Mr. Franz Manderson.

The opening event invites all PSPB Cayman Brac members to learn about their available on island supports and provide input to the PSPB on how to continue to expand services and supports.

“The PSPB has always made having a presence on Cayman Brac a priority. Since our 25^th Anniversary Celebration Event we have talked about opening an office in the Brac and today we reach that goal.” said Mrs. Jewel Evans Lindsey, Managing Director and Trustee with the PSPB.      

Given cost considerations, opening an office took careful research and oversight to ensure that PSPB services would be utilized and that the office would provide both an immediate and long-term support and service to Cayman Brac.     

The PSPB has worked over the past two years to establish a much bigger presence on Cayman Brac.  This has included the continued ongoing relationship with the District Administration office to serve the island and quarterly trips by PSPB staff to ensure that on island support was offered to members. It became clear from increasing demand for more regular service that an ongoing presence on the island was necessary in order to deliver the highest standard of service to the Sister Islands.

“Even when we knew it was time to open an office to serve our Cayman Brac membership, we needed to carefully review our options,” said Evans Lindsey. “In the end we selected the most cost effective option that was available and we have established a central location in Cayman Brac.” 

Another consideration beyond services that were being accessed is that the PSPB Cayman Brac office is now in place to serve nearly 700 individual members on Cayman Brac and this includes close to 200 people who are pensioners.  The PSPB Cayman Brac office opened in early April and in seven weeks of being open, well over 100 people in Cayman Brac have accessed services from this new office, clearly showing the community response to wanting this support in Cayman Brac.

Based on the current Cayman Brac population, this means that nearly 1 in 3 people on Cayman Brac are members of a pension plan administered by the PSPB and when potential beneficiaries, spouses or children are linked to these members, the number served by this office further increases.  Further analysis also showed that based on age demographics, the number of people in Cayman Brac who can potentially retire in the coming five to ten years is significant. 

“Opening an office to serve members and pensioners who have lived and worked their lives for Cayman Brac and for all of our citizens is important and it shows a commitment to the Sister Islands,” said Evans Lindsey.  “This is an opportunity to give back and show that our seniors and pensioners can rely on easy to access service.”

The Cayman Brac PSPB office is located at 5 Dennis Foster Road and it is open Monday through Friday from 9:00 a.m. to 1:00 p.m. 

Information on the Public Service Pension Board is available on the PSPB website at: www.pspb.ky.