вЂњSo, you have a large part of our retired population that is not covered by NIS,вЂќ the Prime Minister noted. In addition, Holness noted that with only 47 per cent of the employed labour force actively contributing to the National Insurance Scheme (NIS) which is a compulsory contributory-funded social security scheme covering all employed persons in Jamaica, it means that less than half of the population aged 65 years and over would be in receipt of a pension. вЂњThe introduction of the new Social Pension Programme will enable us to reduce income inequality and promote a better quality of life for Jamaica's older population, recognising that many of these persons often have (little) or no community support,вЂќ he said, adding that some have no family, savings, or investments.

He noted that the implementation of this programme for needy seniors is therefore crucial given the Government's moral and social obligation to guarantee a minimum level of social protection for all citizens. The Prime Minister noted that there are many elderly people in need of financial support, who do not qualify for existing social welfare initiatives. Now, with our new Social Pension Programme, we are creating another layer of social protection which we expect will become a model for the rest of the region,вЂќ he said. вЂњPATH would have been recognised, particularly within this region as a model programme for social safety net. The Prime Minister noted that apart from the COVID-19 Allocation of Resources for Employees (CARE) programme, and the Social and Economic Recovery (SERVE) programme, which are pandemic related, the new Social Pension Programme is the largest social protection initiative to be implemented by the Government since the introduction of PATH 20 years ago. We have been able to do this because of prudent fiscal management on the part of this Government,вЂќ he said during a ceremony held virtually from Jamaica House.

вЂњI am particularly proud of the fact that we have been able to implement this programme in the midst of the coronavirus (COVID-19) pandemic. Holness said the programme, which is the first of its kind in Jamaica, is a landmark achievement in the development of the nation's social protection framework for the most vulnerable in the society. Seniors targeted are those not currently in receipt of a pension, disability benefit or other retirement benefits, cash grants from the Programme of Advancement Through Health and Education (PATH), or Poor Relief Programme, and who do not reside in a government institutional care facility. KINGSTON, Jamaica- Prime Minister, Andrew Holness, on Friday officially launched the Government's $800 million Social Pension Programme, which provides a guaranteed income for vulnerable people 75 years and older.

Jamaica prime minister pension