Thu | Aug 17, 2017

Bartlett says plans on track for September introduction of tourism workers pension scheme

Published:Tuesday | April 4, 2017 | 4:13 PM
Bartlett ... The fund will attract the same kind of fiscal arrangement that established other pension funds in the country.

Jovan Johnson, Parliamentary Reporter

Tourism Minister Edmund Bartlett says plans remain on track for the September introduction of a pension scheme for workers in the tourist sector.

Speaking in the 2017/2018 Sectoral Debate in Parliament this afternoon, Bartlett said arrangements are being finalised for the introduction of the scheme.

The scheme is to be established through the Tourism Workers Pension Act which Bartlett said the Cabinet has approved.

However, he did not say when the legislation will be tabled in the Parliament.

Legislation is also expected before Parliament to amend the Tourism Enhancement Fund Act to allow for the disbursement of $1 billion to help start the pension fund.

"The fund will attract the same kind of fiscal arrangement that established other pension funds in the country," said Bartlett.

"Contributions will be tax free."

The Jamaica Hotel and Tourist Association recently used its commitment to the fund as a bargaining chip in protesting the revised property tax system.

That helped to push the government to have a second look at the system.

The outcome of the review has not been made public.

The pension scheme will cover Red Cap workers, craft vendors, ground transportation operators and hotel workers.