Over time, tourism workers will likely come to regard Minister Edmund Bartlett as a blessing.

Edmund Bartlett's tenure as tourism minister will be marked by the establishment of the Tourism Workers Pension Scheme (TWPS), a pivotal initiative addressing the lack of pension provisions for many in Jamaica's tourism industry. The TWPS has garnered significant participation, with nearly 10,000 workers enrolled and contributions surpassing $1.6 billion. While this figure represents progress, it's clear that more must be done to include the estimated 350,000 tourism workers in the scheme.

Despite its relatively small scale, the TWPS signifies substantial achievement within just two years of its implementation, overcoming delays caused by the COVID-19 pandemic. The government's initial endowment of $1 billion, funded by taxpayers, has grown to $1.25 billion, with total funds under management nearing $3 billion. Sagicor and Guardian Life deserve praise for their roles as fund manager and administrator, respectively, in building this vital scheme.

The late Gordon "Butch" Stewart, a prominent figure in Jamaican tourism, advocated for pension provisions for industry workers and successfully established the Appliance Traders Group Pension Scheme for his employees. His vision and efforts laid the groundwork for broader initiatives like the TWPS, offering hope and security to hardworking Jamaicans and their families.

Overall, Bartlett's leadership in realizing the TWPS reflects a commitment to addressing the welfare of Jamaica's tourism workforce, ensuring that they can retire with dignity and financial security.

Categoría:

Turismo 

Organización:

Clevenard

Phone:

+34 631 27 98 11

Tu país:

Jamaica