Bigger labour force dents pension coverage as assets near $900b

Jamaica’s private pension coverage fell in the June quarter even as industry assets climbed to a record just short of $900 billion, because the employed labour force grew faster than the number of workers joining plans. Active coverage slipped to 12.67 per cent of the employed labour force from 12.76 per cent in March, and total coverage to 12.75 per cent from 12.85 per cent.