System emerytalny na Jamajce

Abstract

OLD AGE PENSION SYSTEM IN JAMAICA

The article presents an insight into the old age pension system in Jamaica. The author’s goal was to present both past and present solutions employed by Jamaican pension system, in search for ideas worth consideration in international comparisons. There are four topic paragraphs: 1. general information about the country, 2. evolution of its pension system, 3. the present situation, and 4. challenges and foreseen changes. In the summary, the author highlights a particular Jamaican approach, against a background of other countries. An interesting feature of the Jamaican pension system is that despite very low level of pension contribution in the base system, after 48 years of operation, it maintains solvency without subsidies from the budget.