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The Ministry of Tourism is committed to improving the welfare of our diligent tourism workers who have given their lives to building the nation’s tourism sector. The long-awaited Tourism Workers Pension Scheme is an important strategic step in doing so.
The pension scheme, which became effective on January 31, 2020, is expected to immediately benefit some 350,000 employees in the tourism sector.
It is designed to cover all workers ages 18-59 years in the tourism sector, whether permanent, contract or self-employed. This includes hotel workers as well as persons employed in related industries, such as craft vendors, tour operators, red cap porters, contract carriage operators and workers at attractions. Benefits will be payable at age 65 years or older.
The Government of Jamaica is providing J$1 billion to seed the fund so that immediate benefits can accrue to qualified pensioners who have met the vested period of five years.
The Tourism Workers’ Pension Scheme is the biggest human capital development game-changer in the history of Jamaica’s tourism sector. It will allow thousands of tourism workers to look forward to a financially secure retirement.
· Frequently Asked Questions (https://www.mot.gov.jm/media/913)
· The Tourism Workers Pension Act, 2019 (https://www.mot.gov.jm/sites/default/files/public/the_tourism_workers_pension_act_2019.pdf)
For further information contact:
Ministry of Tourism