Axed Petrotrin Workers Face Uncertain Retirement

With the final closure of Petrotrin slated for month-end, thousands of pensionable employees still face questions about the security of their retirement funds.

The state-owned oil and gas company has over 5,000 employees and reports are that nearly 1,300 members of the Petrotrin Employees Pension Plan (PEPP) are expected to be pensionable from December 1, entitling them to lump-sum payments totaling TT $1 billion (US $ 148.5 million).

Read more: http://www.caribbean360.com/business/axed-petrotrin-workers-face-uncertain-retirement#ixzz5XyAHoelM