UPDATE: Tourism Workers Pension Scheme

UPDATE: Tourism Workers Pension Scheme

Since being launched in February, more than 5,000 workers in Jamaica’s tourism sector have contributed almost $90 million to the Tourism Workers Pension Scheme (TWPS). Meanwhile, there are more than 15,000 applications pending from others who wish to join. Minister of...
Tourism pension 101 (Part 1)

Tourism pension 101 (Part 1)

FOLLOWING the launch of the long-awaited pension plan that will ensure tourism workers who sign up will not be left scrambling to survive after they retire, LetsTravelCaribbean.com spoke with Chairman of the Board of Trustees for the scheme, Ryan Parkes, about what...
Tourism pension 101 (Part 2)

Tourism pension 101 (Part 2)

FOLLOWING the launch of the long-awaited pension plan that will ensure tourism workers who sign up will not be left scrambling to survive after they retire, LetsTravelCaribbean.com spoke with Chairman of the Board of Trustees for the scheme, Ryan Parkes, about what...
Security for Jamaica’s tourism workers

Security for Jamaica’s tourism workers

Under the Tourism Workers Pension Scheme (TWPS) launched on January 12, tourism sector workers now 59 and over will get the full $200,000 a year pension pay-out when they retire at age 65. The shortfall in their contributions, created as the fund is newly launched,...