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.