A pension scheme for tourism workers was launched this morning (January 12).
The Tourism Workers Pension Scheme is a defined contributory plan supported by legislation and will require mandatory contributions by workers and employers in the sector.
It covers all workers ages 18 to 59 years in the tourism sector, whether permanent, contract or self-employed.
Benefits will be payable at age 65 years or older.
Speaking at this morning’s launch, Tourism Minister Edmund Bartlett noted that Jamaica is the first country to have such a pension scheme adding that it will ensure, that tourism workers can have an opportunity to look forward to a secure future for them and their families.
He added, that the pension scheme will pave the pathway for domestic growth and investments.