← belizelaw.ai · Private Pensions, Cap. 30:01 · PART IV — Membership, Vesting, and Retirement Age

Eligibility for Membership

Cap. 30:01, s. 20 · Revised Edition 2020

(1) Subject to sub-sections (2) and (3), every employee of a category of employees for whom a pension plan is established shall be eligible to be a member of the pension plan. (2) An employee in a class of employees for whom a pension plan is maintained is entitled to become a member of the pension plan upon application at any time after completing twenty-four months of continuous full-time employment. (3) A pension plan may require not more than twenty-four months of less than full-time continuous employment with the employer, with 720 or more hours of employment with the employer to whom the pension plan relates in any given calendar year prior to membership in the pension plan. (4) A member of a pension plan does not cease to be a member by reason only that he is employed for fewer than seven hundred and twenty hours in a calendar year.
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Eligibility for Membership — Cap. 30:01 s. 20 · Belize Law