SAJ hosts estate planning information session for members of JIC
SAJ hosts estate planning
for JIC members
Members of the Joint Industrial Council (JIC), which represents stakeholder and labour interests on the port of Kingston, were exposed to pertinent information about estate planning at its most recent meeting.
This as the Shipping Association of Jamaica (SAJ) seeks to provide useful data that will assist its members. Specially invited guest, attorney Camille Scott, presented up-to-date information and options on how members of the JIC could make provisions to transfer property after death or to manage assets if they become incapable of handling their own affairs.
As Scott advised, planning for such events is the last thing many persons may want to consider, but there are great advantages to doing so. With proper estate planning, persons can choose how assets will be distributed after death, ensure that property will be distributed in an orderly and efficient way and minimise the payment of estate taxes. The eye-opening session was well
received by the Council.
The JIC, formed in 1952, is now hailed as one of the most important advances in management-worker relations in Jamaica. The main objective of the JIC is to ensure cooperation between management and labour to enable maximum efficiency of the operations of the port of Kingston on the most efficient lines and for the improvement of the condition of all engaged in the operation of the port.
Over the last 74 years, through the work at the JIC, the SAJ has been able to maintain a harmonious industrial relations climate and improve the working conditions on the port. The JIC's efforts have not only resulted in better benefits for workers, but more flexible working arrangements as well, achieved through two landmark labour agreements - the first in 1966 and the second in 1998. These two agreements have resulted in significant growth and development for the shipping and logistics industry and improved Kingston's competitiveness in the region.