Prime Minister Gaston Browne has vigorously defended the Social Security Board’s proposed EC $75 million investment in the Jolly Beach Hotel, describing it as a strategic step toward ensuring the long-term viability of the national pension system.

Rejecting criticism from the opposition, Browne maintained that the government-supported project is designed to yield sustained economic gains and benefit Social Security contributors.

He said the redevelopment of Jolly Beach would convert the property into a profitable venture, enhancing the Board’s financial resilience well into the future.