Press Release From the Ministry of Labour and Social Security - 2024/06/06:
Minister of Labour and Social Security, Hon. Pearnel Charles Jr. Minister of Labour and Social Security, Hon. Pearnel Charles Jr., has unveiled plans for Jamaica’s first Unemployment Insurance Scheme. This initiative, to be implemented through the Social Protection for Increased Resilience (SPIRO) project, marks a significant step towards strengthening the country's social protection framework.
Charles Jr made shared the plans for the programme during the recent delivery of his sectoral presentation. He explained that “the Government of Jamaica recently signed a USD $20 million loan with the World Bank to enhance the effectiveness and expand coverage of our social protection programmes, through SPIRO. This project will boost our employment services and labour market research tools and enhance the Ministry’s reach in ensuring No One is Left Behind.”
Under SPIRO the Ministry will establish the Unemployment Insurance Scheme.
The urgent need for the scheme was underscored by the COVID-19 pandemic, which highlighted the vulnerability of workers and the importance of having a safety net for those who lose their jobs unexpectedly.
This scheme will provide a crucial benefit to workers across the nation. It will enhance the country’s resilience and provide support to those facing unemployment.
Proposed Model and Strategy: The details of the proposed model, including governance, management, and investment strategy, will be submitted to the Cabinet for approval within this financial year. This comprehensive approach ensures that the scheme will be sustainable and effectively managed.
Minister Charles Jr. emphasized, "The introduction of the Unemployment Insurance Scheme is a groundbreaking development in Jamaica’s social protection landscape. By providing financial support to unemployed workers, we are taking a monumental step towards building a more resilient and inclusive society."
This initiative is part of the Ministry of Labour and Social Security’s ongoing efforts to enhance social protection mechanisms and ensure that all Jamaicans have access to vital support during times of need. The Unemployment Insurance Scheme will provide a safety net that empowers workers and contributes to the nation’s economic stability ensuring No One is Left Behind.
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4 comments:
So how dem seh nutten naah gwaan, but you see these people who get help daily from tax payers money are like termites..cannot satisfy. The Government is trying very hard to satisfy these people who never believe they would get old and who never put anything aside for rainy days.
Hahaha another backdoor taxation scam to create more jobs or contracts for their boys and girls.
Imagine the employer having to pay out 5-10% of payroll ie extra costs/tax to businesses and the employees paying 0-1% of said pay.
This sounds good but will hit small businesses driving them out of operation while growingbthe illigitimate crime industries.
Is this backdoor socialism "leaving no one behind" as no one is exempt from sufferation.
Concentrate in growing the economy and stop rushing for more taxpayer funded handouts.
Socialism is dead and buried.
Capitalism rules.
If you all have forgotten give Vladimir Putin of Russia or Ji Jin Ping of China a call as soon as possible production is it not handouts and backdoor taxation including traffic ticketing.
Grow the economy to make people's lives better and away with beautiful speaking and backdoor taxation to finance glorified handouts like unemployment Insurance.
Would Jamaica be better off with deeper contacts with our former colonial powers.Now be a pragmatist and leave people with their convenience dual some triple nation connections.
The diaspora for example with dual nationalities earn.more F/E than any tourism product daily that benefits from income tax exemptions undrtbthe Hotel Incentives Act.
Ok👹
More electioneering hogwash!
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