Maurice Arjoon not entitled to severance after securing pension

Maurice Arjoon

The Caribbean Court of Justice (CCJ) in a majority judgment has ruled that former manager of the New Building Society (NBS), Maurice Arjoon, who was found to have been wrongfully dismissed, being entitled to accrued pension of some $59 million, is not also entitled to severance benefits.

The judgment delivery by the court yesterday, saw for the first time ever, the integration of a sign language interpreter who interpreted the proceedings for the benefit of hearing-impaired users of the court.

While affirming a High Court ruling which had awarded the sacked manager more than $79 million in owed benefits, the Trinidad-based apex court for Guyana in October last year had reserved its decision on the issue of Arjoon’s entitlement to the severance component.