ECCB establishes Pensions Comission

25.JULY.08

The ECCB Monetary Council has appointed a four-person ECCU Pension Reform and Administration Commission.

According to Governor of the Eastern Caribbean Central Bank (ECCB), Sir K Dwight Venner, the Commission is mandated to review existing social security and pension arrangements associated with retirement in the sub-region and to make recommendations to improve these arrangements for the benefit of individuals and for the development of these economies.{{more}}

The Commission comprises Marius St Rose of St. Lucia, retired Senior Vice President of the Caribbean Development Bank and retired Managing Director, East Caribbean Financial Holdings Ltd; Justice Albert Matthew of Dominica, retired Justice of Appeal of the OECS Supreme Court; Richard Peterkin of St. Lucia, Partner in the East Caribbean firm of PricewaterhouseCoopers; and Jasper Scotland of Antigua and Barbuda, who is currently the Chairman of the Antigua and Barbuda Development Bank, after having retired from senior management positions at the Caribbean Development Bank and the CARICOM Secretariat. The ECCB will provide secretariat services to the Commission.

The Commission met on June 12 and 13, 2008, to discuss its work programme for the next 12 months. The Report of the Commission is scheduled to be completed by June 2009.