🏛️ National Insurance Scheme • 500 Weeks Minimum • 30% - 60% Scale

Grenada NIS Retirement Pension Calculator

Simulate monthly retirement benefits under the Grenada National Insurance Act: 500-week threshold (30% replacement), incremental accruals up to 60%, and insurable ceilings.

Preset Retirement Scenarios:

⚙️ Career Contributions & Insurable Salary

XCD (Max $5,000)

Average insurable earnings over the highest 3 of the last 15 years.

weeks (~16 years)
Estimated Monthly NIS Pension
$1,260 XCD

Pension Replacement Rate: 36.0% of wage ($467 USD)

Pension Scale Breakdown

Capped Insurable Salary: $3,500 XCD
Base Rate (First 500 wks): 30.0%
Incremental Accrual (+1%/50 wks): +6.0% (300 excess wks)
Total Pension Replacement: 36.0%
Annual NIS Pension Income: $15,120 XCD / yr

🏛️ Grenada NIS Retirement Pension Accrual Scale

Contribution Weeks Equivalent Years Benefit Type Replacement Rate
150 to 499 weeks 3 to 9.5 years Retirement Grant (Lump Sum) 5 x avg weekly wage / 50 wks
500 weeks (Minimum) ~10 years Monthly Pension 30.0%
750 weeks ~15 years Monthly Pension 35.0%
1,000 weeks ~20 years Monthly Pension 40.0%
2,000+ weeks ~40 years Monthly Pension 60.0% (Statutory Maximum)
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Engr. Muhammad Shahzad

Verified Compliance Author

Engr. Muhammad Shahzad is a verified compliance architect specializing in social security actuarial algorithms, Caribbean retirement pension models, and Grenada National Insurance Scheme legislation.

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📊 Grenada Inland Revenue Division (IRD) & NIS Matrix

Statutory Component / Legal Deduction Item Calculated Amount (XCD)
Primary Net / Statutory Payable Amount EC$ 0.00
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Engr. Muhammad Shahzad

Principal Financial Systems Architect & Eastern Caribbean & State of Grenada Fiscal Systems Lead

Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.

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