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TSTT Playing Games On Pensions

By Anna Ramdass, Trinidad Express

Trinidad And Tobago

July 15, 2004




A TSTT employee makes a comment during yesterday's Textel Pension Plan Committee meeting at the Communications Workers Union Hall, Henry Street, Port of Spain. Photo: ROBERT TAYLOR

Eugene Lopez, court appointed representative of the former Textel employees told the Express yesterday that TSTT is playing games and "rolling dice" with regard to dealing with the workers pension plan. 

The former workers of the Textel telecommunications company are still awaiting their pension plans from TSTT, and according to Lopez some of the workers have died waiting for these packages. 

Lopez speaking at the Communications Workers Union (CWU) headquarters Port Of Spain expressed his sympathies on the passing of some of the former workers, most recently he said was Cecil Lee Chong. 

He reiterated, what he said were the words of Chief Justice Sat Sharma who said in 2000 with regards to the issue of the former workers, the company could afford to wait till all the Textel employees died and then keep the surplus. 

Lopez who was the former chairman on the management committee of the Textel Pension Plan said that the most recent talks with TSTT does not seek the best interest of the former workers. He said that from the surplus of the Textel pension plan which is currently approximately $100.3M, TSTT wants to take 56 per cent to put into their own pension plan plus a percentage to cover their legal fees and in addition to that they want 50 per cent of what is balanced. 

Lopez said TSTT has advertised that they are sharing the surplus 50-50 with the former workers when in fact they are not. He said they are continuing to "negotiate in bad faith" and it seems they are throwing dices and the highest number goes to them.


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