Posted: Saturday, December 2, 2017. 11:17 am CST.
By BBN Staff: The Public Sector Workers Trust (PSWT), which is currently in a legal dispute involving 600 retired public workers and the Belize National Teachers Union (BNTU), fired off a press release making clarifications about the situation as it relates to the $7.8 million in question.
According to reports, the retired public officers want the trust to relinquish control and management of the backpay. It was reported that the retired public workers secured an injunction to stop the Trust’s use of the money, however, PSWT said via its release: “The Court did not order an injunction against the PSWT and the unions. What the Court ordered was that the lists and details of loans be provided to the other parties to the case before loans are disbursed. The Court did not put a stop on the use of the Trust funds as has been suggested.”
This matter dates back to the 1995-1997 period under then UDP Prime Minister, Manuel Esquivel, who froze the salaries and increments of teachers and public officers.
To make up for those dark days, Esquivel gave those teachers and public officers an estimated 450,000 shares in BTL.
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