Manila cops eye class suit vs pre-need firm
At least 100
At the same time, the group will make representations with concerned Philippine National Police officials to temporarily withhold the contributions of their colleagues to Primanila Plans, Inc. which is being deducted every payday.
“We are asking for a stop to these deductions since, like us, they will also be left holding an empty bag upon the maturity of their plan since it is apparent that the insurance firm is already bankrupt,” Senior Police Officer 3 Ed Martinez said.
Some 100 policemen have been asking Primanila chairman Eduardo Madrid since last year to pay their claims, representing the amount of their matured pension plan.
The policemen said Primanila representatives convinced them to get pension plan with maturity period of five to 10 years. Primanila offered them an endowment of P10,800 for five years, P14,000 for seven years, and P20,000 for 10 years. However, upon the maturity of their plans Primanila failed to pay them.
The group is also asking other alleged victims of Primanila to coordinate with them at the Manila Police District for the class suit.
Meanwhile,
However, the policemen said they are not familiar with the technicalities
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