BTL Employees Owed Severance Despite Pension Plans

In a landmark development, Belize Telemedia Limited (BTL) employees, both current and former, may now be entitled to severance pay despite their participation in pension schemes that previously excluded such benefits. Senior Counsel Eamon Courtenay highlighted the significant challenge this poses for BTL and other companies, as they must retroactively assess years of service and calculate severance entitlements for employees upon retirement or resignation. This ruling extends to former employees who only received pension benefits, potentially allowing them to claim severance pay retroactively. The judgment, which could have a ripple effect across Belize, raises critical questions about how companies will adapt and what this means for workers nationwide. Courtenay emphasized that companies with pension schemes lacking severance provisions must now accrue severance benefits from the start of employment, ensuring compliance with the Caribbean Court of Justice’s (CCJ) decision. This development underscores a pivotal shift in employee rights and corporate obligations in Belize.