Tue | Jun 22, 2021

NWU to meet labour ministry representatives

Published:Wednesday | March 26, 2008 | 2:15 PM

The National Worker’s Union is meeting with representatives from the labour ministry today regarding pension payment for workers at the Caribbean Cement Company.



The union is expected to receive a report on discussions between the Financial Services Commission (FSC), and the Attorney General’s office regarding the issue.



Last week more than 400 workers at the Rockfort plant in Kingston staged a protest against the company’s handling of the issue.



The workers claim that impending changes to the pension scheme will cause them to receive smaller payouts.



They claim that under the previous administration, the FSC approved a request for the workers to be refunded 100 percent of their contribution to the pension scheme, plus a taxable portion of the company’s contribution.



The workers said the new government is now changing that agreement, which will result in their being entitled to smaller payments.