Former Caves of Barbados employees are being assured that their two-year wait for pension payout is near an end.The promise has come from chairman of the company Ralph Thorne, KC, amid threats of protest action by the National Union of Public Workers (NUPW) whose Deputy General Secretary Wayne Walrond on Monday described the delay as scandalous and vexatious.Thorne informed the 30 retirees that payday is at hand.“We are presently awaiting the necessary approval for the pension plan from the Financial Services Commission. Thereafter, the necessary administrative matters will include notification to members of their benefit options and we will facilitate a meeting with them to discuss these options. We do not anticipate any unreasonable or extended elapse of time to complete this process,” he told Barbados TODAY as he assured “all parties that this involved process is nearer to its end than its beginning”.
