.png)
The Jamaica Chamber of Commerce and the VM Group have signed a memorandum of understanding to provide pension plans and other support to JCC members.
At the signing Tuesday morning, JCC President Phillip Ramson said this kind of support is critical, as there is a deficit in retirement planning.
"Currently over 80 per cent of our workforce are not covered by any form of pension plan. This gap highlights the urgent need for innovative solutions that ensure every Jamaican can enjoy a secure and comfortable retirement," he said, adding that the partnership is a commitment to addressing the issue.
"VM Pensions brings a wealth of expertise in pension management and we are excited to work together to offer tailored pension schemes that meet the diverse needs of our business and employees," Mr. Ramson asserted.
Paul Anderson, Assistant Manager in charge of Sales at VM Pensions, said the strategic partnership will provide a range of offerings.
"Corporate benefits are available for the JCC members and the JCC itself. Retail benefits are available to the staff of the JCC and the staff of the JCC member entities. VM Pensions Management will provide financial safety net through our robust pension solutions, along with discounts and investment management fees and other services for superannuation plans."
He also touted the entity's Prime Approved Retirement Scheme, which he said serves entrepreneurs, as well as workers on contract or employed to an organisation with no pension solution.
comments powered by Disqus
All feeds
