Over 300 daily-rated pensioners and beneficiaries are in receipt of benefits in accordance with the Trust Deed and Rules of the Daily-Rated Pension Plan, which was approved and registered by the Board of Inland Revenue (BIR) and the Central Bank of Trinidad and Tobago (CBTT) respectively.
Subsequent to the initial approval and registration, an amendment to the rules was submitted to BIR in October 2017 for its review and approval. BIR responded requesting changes in July 2018 and these changes were submitted in October 2018. The HDC, to date, has not received feedback.
The HDC sympathises with the retirees but unfortunately, the organisation cannot make any adjustments to the benefits until approval is granted by BIR and CBTT. Once the regulatory approvals have been granted, the retirees will be advised accordingly. Retirees who have expressed concerns or enquired about the status of the adjustment, have always been provided with individual and timely updates.
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