The constant agitation by former Employees Lucious Roland (Tito), Michael Smith and a few others and their Attorney at Law Wayne Harrow, has resulted in an estimated 206 former employees of WINERA Ltd receiving varying payments from an undistributed investment surplus of around $1 .2 million EC.
This payment is as a result of a Pension Plan, where employees made a monthly contribution matched by the company. Sagicor Ltd formerly Barbados Mutual was the investment house used to manage the pension plan.
Upon approval by the St. Lucia Financial Regulatory Authority (FSRA), Inland Revenue Department of the Government of Saint Lucia and external auditors BDO, payment will be made by the Pension Manager directly into the confirmed bank accounts of the former employees.
Mr. Lucious Roland stated that, “there were persons saying to us that we have no money coming to us, and that we are wasting our time, but our lawyer Mr. Harrow put enough pressure on the company who had no choice, under threat of legal action but to give us information”.
All former employees are required to contact WINERA to verify their eligibility, identification and provide their banking information.
Notwithstanding the hiccups along the way and the time spent fighting this battle, Mr. Roland said that “the Pension Plan was a brilliant idea thought of by the management of Winera at the time especially Mr. Omar Davis and the NWU”.
SOURCE: Attorney at Law Wayne Harrow