JAMAICA - The government has announced an overall increase of 66.66% in national insurance benefits (NIS), expected to cost JM$10bn (US$150m) over the next three years.
The new provision, effective on April 3, would increase weekly pensions from JM$900 to $1 500. Labour and social security minister Horace Dalley said around 87 000 pensioners stood to benefit fr...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here