Silver Thatch Pensions, located in George Town, Grand Cayman, provides pension plans to employers and employees in the islands. Basic contributions must be a minimum of 10% of employee earnings, with 5% contributed by the employer, and additional voluntary contributons can be made. The retirement date is typically the first of the month, on or following the employee's 60th birthday. Benefit options include an annuity, Retirement Savings Arrangement of retirement income fund, and investment portfolios include Growth, Balanced and Conservative options.