04 September 2006
More than 100 retired workers from the Jersey Electricity
Company (JEC) have formed a pressure group to campaign for
increases in their pensions.
The pensions income of more than 100 retired wokers from the
Jersey Electricity Company (JEC) has been frozen since 2002 when
the company revealed it had a £19m hole in its pension
fund.
JEC put more money into the fund to protect new and existing
employees but the pensions of retired workers have not been
increased since. Now the pressure group hopes to have their
pensions linked to prices again.
JEC said it could not guarantee any rises would be linked to
inflation and said retired workers have received benefits in kind
to compensate for the loss of earnings.
