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Wednesday, April 23, 2025

TELCO pensioners protest: Pay us our money

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382 days ago
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Communication Workers Union Education Officer Len Gervais, left, speaks with the media opposite Royal Bank, St Clair, after their meeting with bank executives on the pension plan for retired Telco (now TSTT) workers. At right is Ronald Hall.

Communication Workers Union Education Officer Len Gervais, left, speaks with the media opposite Royal Bank, St Clair, after their meeting with bank executives on the pension plan for retired Telco (now TSTT) workers. At right is Ronald Hall.

JENSEN LA VENDE

Se­nior Re­porter

jensen.lavende@guardian.co.tt

Com­mu­ni­ca­tions Work­ers Union (CWU) ed­u­ca­tion of­fi­cer Len Ger­vais led a hand­ful of re­tirees of TEL­CO, now Telecom­mu­ni­ca­tions Ser­vices of T&T, out­side Roy­al Bank, St Clair, yes­ter­day, de­mand­ing that the bank re­lease funds that will in­crease the pen­sion­ers’ in­comes. The union met with bank of­fi­cials mo­ments be­fore on the mat­ter but led the protest af­ter not be­ing sat­is­fied with what was told to them.

Speak­ing with the me­dia op­po­site the bank, where the pen­sion­ers’ trust is held, Ger­vais said some 1,500 re­tirees stand to ben­e­fit if the bank re­leas­es the funds. He added that about 20 pen­sion­ers, all in their 90s, stand to ben­e­fit from an in­crease in pen­sion from be­tween $700 to $3,000.

“We are here ask­ing RBC Trust for in­creas­es in pen­sion for some pen­sion­ers. There are some pen­sion­ers who are get­ting as lit­tle as $900 and we are ask­ing for that to be in­creased to $3,000, which the com­pa­ny al­ready agreed to. Sec­ond­ly, there is the pay­ment of about 1.5 per cent that have to re­pay pen­sion­ers in the TEL­CO pen­sion plan that has been agreed to but they have been re­fus­ing to im­ple­ment that,” he claimed.

Ger­vais said there is a sug­ges­tion that both re­tire­ment plans be merged, which will mean that ben­e­fits agreed to for the TEL­CO pen­sions will be for­feit­ed. He said the union will keep up its protest, de­mand­ing that the pen­sion­ers of TEL­CO be treat­ed fair­ly.

“We want the peo­ple of Trinidad and To­ba­go to know what the Gov­ern­ment, the cor­po­rate sole, is con­don­ing at TSTT. They are not in­ter­ven­ing and they are al­low­ing this new CEO to con­tin­ue to treat us with con­tempt which the for­mer CEO, Lisa Agard was treat­ing with.”

Ger­vais said the pen­sion­ers just want those in charge of their in­come to do what is right. The pen­sion­ers have been at odds with TSTT since 2012, in­clud­ing in court bat­tles.


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