TOURISM Minister Edmund Bartlett says that tourism sector employers will start contributing to the new Tourism Workers’ Pension Scheme (TWPS) in January 2023, at a rate of five per cent per annum.

He told the House of Representatives Tuesday, as he closed the 2020/12 Sectoral Debate, that the fund administrator, Guardian Life, is now in a position to accept applications, which may be done virtually, or in person.

 

“My ministry recognises the challenges that the COVID-19 pandemic has presented to employers in the tourism sector and, in light of this, we have decided to revisit the timeline for the start of employer contributions. Employers will commence contributions in January 2023 at a rate of five per cent per annum. We will be tabling the necessary legislative amendments in short order to facilitate this investment,” he said.

https://www.jamaicaobserver.com/news/tourism-workers-pension-fund-ready-for-applications_223912?profile=1373