Contributors to $Billion tourism pension scheme grows to 9,000
/ Our Today
administrator
The Ministry of Tourism has reported that over J$1 billion in payments have been made into the Tourism Workers Pension Scheme, to date, with over 9,000 hospitality workers contributing to the pool of funds under management.
Portfolio Minister Edmund Bartlett made the disclosure during a statement in the House of Representatives on December 12.
The Tourism Workers Pension Scheme was launched in 2022 and is designed to cover all workers in the sector, regardless of employment status or age.
“Jamaica is the only country in the world that has a comprehensive pension plan for all categories of workers in the tourism industry,” Bartlett pointed out during his presentation.
The scheme covers hotel workers, craft vendors, tour operators, red-cap porters, contract carriage operators and workers at attractions.
The Government of Jamaica provided $1 billion to allow for immediate benefits to accrue to those workers who have reached retirement.
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