Parliament Set to Discuss Social Security Investment Plan for Jolly Beach
The government’s plan to channel Social Security funds into the Jolly Beach Hotel will take centre stage this morning when the House of Representatives meets at the Parliament Chambers.
Prime Minister Gaston Browne is championing the move, arguing that it will not only protect the long-term future of the Social Security Scheme but also deliver wider economic benefits.
The scheme, which has struggled in the past to meet monthly pension payments, has long been under financial strain.
Browne insists the Jolly Beach investment offers a solution. The hotel, currently profitable, would give Social Security a reliable stream of income, while placing a key tourism property in the hands of the people of Antigua and Barbuda, the fund’s actual owners.
Still, the proposal is expected to draw sharp debate, given the sensitivities around using pension funds for business investments. The Opposition UPP has previously warned that such ventures, while potentially lucrative, expose Social Security to risks that could backfire if the hotel’s performance falters.
Also on today’s agenda are amendments to the Citizenship by Investment Act, aimed at satisfying recommendations from the United States and the European Union.
This story was first published by Antigua News on : antigua.news/2025/08/25/parliament-set-to-discuss-social-security-investment-plan-for-jolly-beach-1. © 2025 Antigua News. Republication without permission is not allowed.

About the author
Shermain Bique-Charles is an accomplished journalist with over 24 years of dynamic experience in the industry. Renowned for her exceptional storytelling and investigative skills, she has garnered numerous awards that highlight her commitment to journalistic integrity and excellence. Her work not only informs but also inspires, making her a respected voice in the field.
Read our editorial standards and corrections policy. Spotted an error? Contact the newsroom.
More from Antigua and Barbuda
View section
Senator Colin O’Neal Earns Political Science Degree at UWI Five Islands, Sets Sights on Law Degree
Senator Colin O’Neal graduates with a Bachelor’s Degree in Political Science from UWI Five Islands Campus and announces plans to pursue a law degree in 2027.
By Cory Wayland
Young Man Suffers Minor Scrapes After Leg Gets Trapped in St. John’s Sidewalk Grating
The incident raises fresh concerns about pedestrian safety following similar occurrences in the city.
By Cory Wayland
Mighty Sparrow’s National Funeral Set for October 16 as Trinidad and Tobago Prepares Grand Farewell
Two days of public viewing and a grand cultural procession will precede the October 16 Celebration of Life honouring the legendary entertainer whose music helped shape Caribbean culture.
By Cory Wayland
Antigua and Barbuda Art Week 2026 to Bring Folklore and Creativity to Life with Exciting New Experiences
From the legendary Jam Bull to evening gallery tours, live painting battles and interactive workshops, this year's Art Week promises an immersive celebration of Antigua and Barbuda's artistic and cultural heritage.
By Cory Wayland
Comments (5)
Patricia August 25, 2025, 1:41 PM
Yvonne August 25, 2025, 1:41 PM
Informed citizen August 25, 2025, 2:48 PM
Juju Bee August 25, 2025, 5:16 PM
Can't August 25, 2025, 9:50 PM