Two-part system combining Defined Benefit and Defined Contribution components. Early retirement available at age 55, normal retirement at 65. System covers government and statutory authority employees with phased retirement options.

Retirement benefits accessible from age 55 onwards with flexibility to work beyond 65 to boost pension. Supplementary private pensions encouraged; early retirement before 65 results in reduced benefits.

Mandatory health insurance required for all residents through approved providers. SHIC plan (Standard Health Insurance Coverage) costs CI$167/month for healthy 65-year-olds, with annual maximum CI$100,000 and lifetime maximum CI$1,000,000. Coverage acknowledged as inadequate; supplementary private insurance recommended.