Regulatory Alerts2018-04-01
Form A - Cortech Pension Fund 7696 Surplus Apportionment Scheme
The Curator of the Cortech Pension Fund has submitted a Section 15B Surplus Apportionment Scheme to the Registrar for the distribution of an R18.024 million actuarial surplus as of 1 March 2004. The proposed scheme allocates 98% of the surplus to former members as cash benefits and 2% to pensioners as additional pensions, while explicitly excluding active members and the employer from any distribution. The document details the valuation methodology, tracing procedures for uncontactable former members, provisions for future asset recoveries, and outlines the 12-week objection period preceding Registrar approval.
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