Tourism pension scheme surpasses $6 billion

The Tourism Workers Pension Scheme has accumulated more than $6 billion in savings, with over 10,800 workers registered.

Tourism Minister Edmund Bartlett made the disclosure in a virtual address to a media breakfast yesterday, held as part of the Jamaica Product Exchange, now under way at Moon Palace Jamaica in Ocho Rios, St Ann.

“This is a revolutionary activity. Even this morning, before I came to this session, I had meetings with the UN Tourism, and they cited Jamaica’s model of the comprehensive worker pension scheme as being eminent and also something that they think must be put into the mainstream of tourism activity across the world,” he said.