The Occupational Pensions Act Committee (OPAC)
The OPAC was established in 2007 to research and develop policy proposals for a comprehensive framework for the regulation and supervision of occupational pension plans. The OPAC is comprised of representatives from key stakeholder groups in the pensions industry such as Actuaries, Trustees, Board of Inland Revenue, Association of Trinidad and Tobago Insurance Companies, Institute of Chartered Accountants of Trinidad and Tobago, Employees Consultative Association and the Central Bank of Trinidad and Tobago.
The Policy Proposal Document developed by the OPAC would inform the drafting of legislation for an Occupational Pensions Act. The scope of the Occupational Pensions Act would include only those occupational pension plans that are approved by the Board of Inland Revenue.