pension industry quarterly statistics for June 2016 and June 2021 shows several positive developments.

Coverage of the employed labour force in June 2021 was 11.56 per cent, up from 9.06 per cent in June 2016, which itself was lower than the 9.08 per cent in June 2015, while the coverage in June 2020 was 10.89 per cent.

There were 373 active plans in 2021 (87 defined benefit and 286 defined contribution), down from 412 (106 defined benefit and 306 defined contribution) in 2016. Membership, however, increased from 105,832 in 2016 to 139,419 in 2021.

https://jamaica-gleaner.com/article/business/20211114/oran-hall-trends-private-pension-industry