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Contributory pension scheme for hotel workers coming

Published:Wednesday | July 3, 2013 | 9:01 AM

Jovan Johnson, Gleaner Writer



The Tourism Ministry says a draft plan has been agreed on that is expected to result in the creation of a contributory pension scheme for thousands of workers in the hotel sector.




Tourism Minister Dr Wykeham McNeill, announced in Parliament yesterday that about 84 per cent or about 30,240 of the approximately 36,000 of workers in the sector will retire without a pension plan if nothing is done.



He said the Jamaica Hotel and Tourist Association unanimously endorsed the concept last week with a call for all stakeholders to implement the plan.



He did not give a timeline for implementation saying further discussions are required.



McNeill said the National Housing Trust, will now consider the average annual gratuity as part of workers’ emoluments to enable them to qualify for larger loans.



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