Union members clarify how trust fund will work

On the 23 of July of this year, the Government announced, through a press release, that all public service workers, teachers, and open vote workers, whose increments were frozen between the periods of 1995 to 1997, were to receive compensation. The Government announced that it had authorized the Accountant General to hand over 3.06 million Bz dollars to the trustees. For context the press release explained that, “in 1995, the Government of Belize had agreed to give the Public Service union and the Belize National Teachers Union some 794,732 shares in Belize Telecommunications Limited (now Belize Telemedia Limted) as compensation for the suspension of annual increments of public officers and teachers during the fiscal year period o1995 to 1997.” There has been concern expressed by the union members who say the press release gave many beneficiaries the impression that they can finally collect their monies lost between those two fiscal years. Trustee Members came on Friday morning’s Rise and Shine Show to clarify the matter.

vlcsnap-2014-08-16-07h31m13s44According to Marvin Blades, despite the perception that it was the unions’ doing,  it was in fact the government who stipulated for the monies to be used only through projects.

But yet there were still many concerns on the part of union members. One pervading thought was that if the monies given to the trusts will only be used to fund projects for current Teachers, Public Workers, and open vote workers then how will individuals who have since retired receive any benefits at all from these monies?

Marvin Blades, president of the Public Service Union, and also a member of the Board of Trustees explained what the Trust is doing now to establish a direct line of communication in all districts so that all beneficiaries can benefit from the trust funds.

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