Tourism Ministry selecting manager for Tourism Workers’ Pension Scheme

The Ministry of Tourism has commenced the process of selecting a manager and administrator for the Tourism Workers' Pension Scheme.

Permanent Secretary in the Ministry, Jennifer Griffith, told yesterday's sitting of  Parliament's Public Administration and Appropriations Committee that bids from entities interested in managing the scheme were opened on Tuesday.

Tourism Workers' Pension Scheme that is now slated to commence before April 2020, is a defined contributory plan which will require mandatory contributions by workers and employers. 

It will cover all workers aged 18 to 59 years in the tourism sector. 

Benefits will be payable at age 65 years or older.