Petrotrin & Republic Bank On Resolving Pension Issues
393 views · Published 28 November 2018 · 0:40 · Indexed 4 November 2026
Channel: TTT Live Online · 2018 · People & Blogs
Petrotrin says the company and Republic Bank have been holding talks on resolving all issues related to the Petrotrin Employee Pension Plan. Petrotrin's Chairman, Wilfred Espinet said the company has been speaking with the Trustees, Republic Bank, and assured all issues will be resolved in time and added they're committed to ensuring that the plan meets its members' obligations." With Petrotrin's operations set to cease on Friday, November 30th, it means the Pension Plan will also be closed and no monies will be going into the fund. But the company said it will continue to exist as a legal entity to address legacy issues, including the Petrotrin Employees Pension Plan. Petrotrin is now a wholly owned subsidiary of Trinidad Petroleum Holdings Company Limited (TPHCL), which is 100% owned by corporation sole.
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