Jamaica Tourism Workers’ Pension Scheme: Landmark for Global Tourism
Jamaica Tourism Minister, Hon Edmund Bartlett says the Tourism Workers’ Pension Scheme is a landmark arrange for tourism social legislation in the global world, as it is definitely the to begin its kind to supply a thorough pension arrange for all of the workers of the tourism sector — whether permanent, contract or self-employed.
Speaking at a Jamaica Tourism Workers’ Yesterday pension Scheme Awareness and Sensitization Seminar at the Norman Manley AIRPORT TERMINAL in Kingston, the Minister noted that “We have now as a complete consequence of collective efforts over a period, have come as well as a plan which will be a landmark arrange for tourism social legislation on the planet. Jamaica would be the only country on earth which has a comprehensive pension arrange for all of the workers of the tourism sector.”
The Tourism Workers’ Pensions scheme is built to cover all workers ages 18-59 years in the tourism sector, whether permanent, contract or self-employed. This consists of hotel workers along with persons used in related industries, such as for example craft vendors, tour operators, red cap porters, contract carriage operators and workers at attractions.
The Tourism Workers’ Pension Scheme, that will receive $1 billion in funding from the Tourism Enhancement Fund (TEF), will dsicover benefits being payable at age 65 years or older.
“This landmark little bit of social legislation in the market will probably represent with time, the biggest pool of domestic savings that economy could have provided. Real growth comes whenever we have the ability to convert domestic savings into investments,” he said.
He further noted that the program will undoubtedly be of particular interest to workers in the market who’ve been employed at several organizations through the years on short-term employment contracts.
“The program shall protect contract workers by giving them with a social back-up. It shall enable them to become listed on as a self-employed person. To help you move in one company to another, change your contract, understanding that your retirement plans are secure,” said Minister Bartlett.
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According to the Tourism Minister, the scheme may be the final piece in a four-point human capital development intend to enhance Jamaica’s tourism workers.
The other three initiatives in the human capital development plan are training, capacity building and creating the power of tourism workers to possess knowledge and convert that knowledge into practical applications; providing a pathway to jobs and professionalism; and improving the social conditions around that your tourism worker lives.
“If we have been to build the capability of tourism to provide on the prosperity agenda, we should build the capability of the social people, the human capital should be enhanced. We believe there is absolutely no equity in this game, if this industry is indeed big, also it cannot secure the safety, future and social requirements of the social individuals who work inside it,” he said.
The Tourism Workers’ Pension Scheme Bill was passed inside your home of Parliament on June 25 and is commensurate with the Government’s concentrate on developing a social security network within the tourism sector.
The Ministry of Tourism shall host three other Tourism Workers’ Pension Scheme Sensitization and Awareness Seminars in Ocho Rios, Montego Negril and Bay next two weeks, within their public awareness campaign.
Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.