Golden Years Cash Plan PDF Print E-mail
The Golden Years Cash Plan is to provide you with an avenue to save for your retirement.

You can start with a minimum of one hundred ($100.00) per month. Imagine what you can accumulate at your retirement if you start now. E.g. someone starting at the age of 21 and plan to retire at age 60 would have saved for 39 years. If that person started with $100.00 that will be $1200.00 per annum for 39 years that person would have saved $46,800.00 excluding interest earned over the period. You can earn up to 5% interest per annum (plus a bonus if you are a member). Excluding the bonus a member saving for 39 years at $100.00 monthly can accumulate over One hundred and forty thousand ($140,000.00) dollars at retirement. If some one starts at $150.00 per month the accumulated amount can reach over two hundred and seventy thousand ($270,000.00) at retirement. Starting with $200.00 will earn you over three hundred and seventy thousand ($370,000.00) dollars at retirement for the 39 year period.

Personal Retirement planning and provision is no longer optional but imperative.

Concerns are being raised by people; Governments and international organizations that given the population trends in the world, Grenada is no exception, where persons are having less children, the effects of HIV/AIDS, Disasters and other factors, the workforce is gradually depleting. In the long term, there will not be sufficient contributors to social security welfare, National Insurance schemes, and other nationally run pension schemes. The world faces according to statistics a situation where people are living longer and this will put a strain on the pension schemes where they will be more persons drawing pension and fewer to contribute to the pool of funds. Therefore it is becoming a necessity, that persons secure their personal financial retirement plan. One cannot depend on NIS or other pension schemes controlled by governments and Social Security welfare organizations.

Communal have developed for you this plan and we encourage
ALL OUR MEMBERS TO TAKE ADVANTAGE OF THIS OPPORTUNITY. OPEN A GOLDEN YEARS SAVINGS PLAN TODAY.

Apply for membership now



We can be reached at any of the following locations:

H.A. Blaize Street,
St. George’s
Phone: 440 - 1755
Fax 440 – 7545		 Esplanade Mall Branch
St. George’s
Phone 435 - 7160
Fax 435 –7269		 Lower Depradine Street,
Gouyave, St, John’s
Phone/Fax 437- 1129
Vincesses,
St. David’s
Phone 443 – 1272		 Perdmontemps,
St. David’s
Phone 440 – 4264		 Hillsborough
Carriacou
Phone 443- 6699
Fax 44. – 8993