Tourism Minister, Edmund Bartlett, says the Tourism Workers' Pension Scheme, which will receive J$1-billion in funding from the Tourism Enhancement Fund is the final phase in a four-point human capital development plan.
The defined compensation scheme is designed to cover all workers in the tourism sector, whether permanent, contract or self-employed.
This includes hotel workers as well as persons employed in related industries, such as craft vendors, tour operators, red cap porters, contract carriage operators and workers at attractions.
Benefits will be payable at age 65 years or older.
The other three initiatives in the human capital development plan are training, capacity building and creating the ability to have knowledge and convert that into practical applications.
Meanwhile, Bartlett says Jamaica is being positioned as a smart destination.
He says this is being done through the use of digital platforms to strategise marketing, connect with various stakeholders and meet the demands of a growing number of visitors.
The Tourism Minister noted that Digital platforms have created a seismic shift in how the world receives, shares and uses content.
He says this presents a significant marketing opportunity to engage active users and reach a larger segment of the travel market