Pensions Office gets first conviction
Cyril Theriault,
Superintendent of the
National Pensions Office.
Friday, December 2, 2005
The owner of Cayman Flooring and Kitchen Specialist Ltd
and Office Pavilion, Scott Henderson, pleaded guilty to several counts of not
paying employee pensions on behalf of his companies on 29 November.
“We are very pleased the case has reached a point where
pleas were entered from the employer,” said Cyril Theriault, Superintendent of
Pensions. “We look forward to a quick resolution of the outstanding charges.
“We realize this is the first case and that it will very
well set a precedent in how other pensions cases will be handled.”
Mr Henderson, on behalf of Cayman Flooring and Kitchen
Specialist, pleaded guilty for not paying employee pensions from November 2002
through June 2005. He also pleaded guilty for not paying pensions for Office
Pavilion from August 2002 through August 2004.
The time period was stopped at August 2004 since Office
Pavillion has not reopened since Hurricane Ivan.
Mr Henderson faces possible penalties of up to $500 a day
for each year he did not pay pensions and $1500 in fines. The next court date
was scheduled for 11 January, where the total case will be addressed.
Cayman Net News has also learned that restrictions
have reportedly been put on numerous condominiums that Mr Henderson owns so
that if they are sold, the proceeds will go toward paying off the overdue
employee pensions.
Mr Theriault has spearheaded an aggressive programme to
get delinquent employers to pay up since he came on board in November 2004.
This is the first company to be prosecuted for not paying
pensions since the Pensions Law was enacted in 1998.
There are said to be approximately 550 employers who are
being investigated for not paying pensions.
Phone calls to Mr Henderson’s attorney, Clyde Allen, were
not returned up to press time.
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