Tag: BAT

Defined benefit fund explained

by GilesFiles | May 29, 2015 | Insights, Judges, Management, Policies - all, Retired judges | 0 |

As remarked so eloquently by Marais JA in the Tek-matter supra: “… In assessing the financial health of a pension fund an actuary is gazing into the proverbial crystal ball to see what the future will hold. The use of the...

Actuarial reserve: administrative decision set aside under PAJA

by GilesFiles | May 27, 2015 | 2015, Bill of Rights, Causes and defences, Courts, High Court, Judges, Legislation, PAJA 2000, Statutes (LRL 2)-work, Topics | 1 |

The High Court granted the application under PAJA and set aside a decision of the Appeal Board. The Registrar of Pension Funds rejected the statutory actuarial valuation of the Fund as at 13 September 2007. The Appeal Board...