Regulatory Alerts2018-04-01
Datakor Group Pension Fund Surplus Apportionment Scheme
The Curator of the Datakor Group Pension Fund has submitted a Section 15B surplus apportionment scheme to the Registrar for approval, detailing the distribution of a R54.11 million actuarial surplus. The plan allocates R28.237 million to top up former members to minimum benefit levels, while the remaining R25.873 million is distributed as a residual split between former members (46%) and pensioners (2%). Unclaimed benefits will be retained for untraceable former members, future asset recoveries will be added to the distributable pool, and all payments will be adjusted for fund returns until final allocation.
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