Energy Minister On Petrotrin Employee Pension Plan
323 views · Published 20 November 2018 · 1:21 · Indexed 26 September 2026
Channel: TTT Live Online · 2018 · People & Blogs
Energy Minister, Franklin Khan said it is not possible to wind up the Petrotrin Employee Pension Plan. He said with the restructuring of the P.E.P.P. and the termination of Petrotrin employees, benefit payments are accelerated significantly by the early retirement of all qualifying members. In light of reports that the Petrotrin Employee Pension Plan will run a $2.73 billion dollar deficit, if wound up, Minister Khan was asked, what is being done to address the issue by Senator Wade Mark in the upper house. He said there is no alternative other than the P.E.P.P. being run off as a closed fund and meeting benefit payments from its assets when they are due.
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