27 May, 2021: Effective May 17, 2021, exporTT Limited commenced the issuance of
Digital CARICOM Certificates of Origin (COOs) to exporters through the Single Electronic Window (SEW) – TTBizLink. ExporTT, one of the first agencies to commence using the SEW, issues COOs for goods to be exported to countries which have Free Trade Agreements (FTAs) with Trinidad and Tobago and CARICOM. CARICOM COOs are issued for the export of goods to countries in the region: Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines and Suriname.
This digital milestone forms part of the e-Certificates of Origin Module on the Ministry of Trade and Industry’s (MTI’s) SEW, and is part of a comprehensive upgrade project being undertaken by the Ministry and exporTT to enhance the processing of COOs. This initiative involves the provision of digitally approved COOs with advanced security features, includ
Plans have both fiduciary requirements and practical motivations to make timely delivery of vested benefits.
It’s surprisingly easy for defined benefit (DB) and defined contribution (DC) plans to lose track of participants who no longer are employed by the company. At the individual level, people move to new homes and change their email address and neglect to notify the plan. Participants die and their estate administrators or heirs lack information about a vested benefit.
At the organizational level, merger and acquisition (M&A) activity leads to plans being combined. Plans get renamed and a participant’s original plan could undergo multiple consolidations and name changes. A change of recordkeeper can result in the new one receiving only summary information that lacks a robust history of address tracking efforts by the prior plan.