Thu | Sep 21, 2017

Holness says gov't must act now to implement pension reform

Published:Tuesday | March 28, 2017 | 3:19 PM
Holness ... the Government has to be fiscally responsible and contain public expenditure.

Prime Minister Andrew Holness is maintaining that the Government has to act now to implement pension reform in the interest of the Jamaica’s financial growth.

Holness, speaking in the parliamentary debate on the new pension bills today, stressed that the current pension system is fiscally unsustainable adding that the cost to the government and taxpayers has been an increasing expense.

He said the Government has to be fiscally responsible and contain public expenditure.

 

Prime Minister Andrew Holness

However, the Prime Minister indicated that the Government will look into the points raised by the opposition spokesman and provide a response.

READ: Phillips says pensions bills deficient 

The debate on the bill has been suspended until next week.