Confirmation has come that the Government of Jamaica is to contributed $16 million to Ruel Reid’s settlement package for demitting office as the Principal of Jamaica College.
In a statement last night the Jamaica College Trust revealed that the Trust is contributing $7.19 million to Reid’s compensation agreement which led to his resignation on Saturday.
The total settlement is $23.3 million, according to the Trust.
The statement confirms a suggestion on Tuesday morning by Nationwide Radio to Education Minister Fayval Williams, that the government’s contribution to Reid’s settlement agreement was in the region of $16 million.
Education Minister Fayval Williams responding to a question from Nationwide’s Abka Fitz-Henley.
In its statement the Trust reiterated that neither Jamaica College nor the school’s board has paid or is to pay any money.
Minister Williams explained that the legal advice that the government received was that according to current laws and regulations governing the education sector, it was duty bound to make a contribution to the settlement.
Minister Williams also rejected as false a newspaper report on Sunday which had alleged that Reid’s compensation agreement was in the region of $100 million.
The Board of JC has also dismissed the report.