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October 24, 2019 | |Post a Comment

first_img The seminars to be carried out island wide from August 16 to 22 under the theme, “Retire is a process, not an event – Be prepared” Aimed at encouraging persons in the informal sector, to start planning for their retirement while working The Ministry of Labour and Social Security through the National Council for Senior Citizens officially launched its second annual series of retirement planning seminars at the Cardiff Hall Hotel in Runaway Bay, St. Ann on Thursday, August 15.The seminars to be carried out island wide from August 16 to 22 under the theme, “Retire is a process, not an event – Be prepared” are aimed at encouraging persons in the informal sector, to start planning for their retirement while working.It is expected that persons within the target group of 18 to 55 years will be educated during the seminars, to set and achieve realistic goals and objectives for the future.Addressing participants, Minister of Labour and Social Security, Hon. Derrick Kellier, said that the seminars “represent the kind of conversations that the Ministry must continue to have with the society, if both the government and its social protection agencies are to remain relevant and effective in advancing the goals of nation-building’.He stressed that, “failing to plan for retirement is perhaps the biggest mistake any citizen of this country can make …with proper planning, the thousands of Jamaicans entering, passing through or having completed midlife, can look forward to a life of material and emotional stability”.Pointing to a study which was undertaken by the Mona Aging and Wellness Centre in 2012 entitled: ‘Aging in Jamaica today and the implications over a one year period’, Minister Kellier said it was discovered that globally persons 60 years and older represent eight per cent of the world’s population in 1950 and jumped to 10 per cent in 2000. This figure is projected to soar to 21 per cent by 2050.He further noted that the study indicated that in Jamaica, in particular, senior citizens now constitute some 11.3 per cent of the population and this is projected to rise to 25 per cent by 2050.“In addition to resulting factors from the above studies, we also need to recognize we are also living longer, which means that many of us will also have a longer period of retirement. Consequently, the issue of how to retire successfully need not delude us and have never been more pressing as the ‘baby boom’ generation evolves into the ‘retirement boom’ generation,” Mr. Kellier observed.He noted that many employees are starting to focus on the possible benefits of staying at work longer.“The seminars are to help Jamaicans facing retirement to ultimately plan for a rewarding, productive and emotionally fulfilling life,” Minister Kellier told participants. Story Highlights It is expected that persons within the target group of 18 to 55 yearslast_img read more