The money, believed to be in $2-million range, is being held in trust and still hasn't been distributed.
The compensation money comes from penalties paid by High Liner Foods to the provincial government for not meeting processing targets during the last five years of the plant's operation.
The company had promised to work with the government and the union to put the money into the hands of workers following the closure of the plant on Dec. 14 of last year.
Local union president Cathy Dimmer says the payouts are complicated and will be distributed on the basis of different pay scales, EI circumstances and each individual's financial situation.
Trust Fund members will be asked to clarify the situation at a meeting in Burin today.