It has been revealed that former Education Minister Ruel Reid is to be paid $23.2 million under the agreement which led to his resignation as principal of Jamaica College last Saturday.
According to a statement issued late Tuesday night by the Jamaica College Trust, a little more than $16 million will be paid by the Ministry of Education.
In order to close the gap, the Jamaica College Trust agreed to provide the additional $7.1 million.
The statement said neither Jamaica College nor the board has paid or is to pay any funds as part of the settlement.
The Jamaica College Trust said, consistent with its policy of utilising funds for the long-term benefit of the school, it concluded that assisting to close the Ruel Reid chapter was an appropriate use of the money.
Education Minister Fayval Williams had faced calls to provide details on the agreement reached with Mr. Reid.
However, on Tuesday evening Mrs Williams told Radio Jamaica News that she had not been informed of the details of the settlement.