Regulatory Alerts2018-04-01
Form A - Datakor Group Retirement Fund Surplus Apportionment Scheme
The Curator of the Datakor Group Retirement Fund submitted a Section 15B surplus apportionment scheme to the Registrar for the distribution of a R9.099 million actuarial surplus. The proposed distribution allocates R2.581 million to top up former members' benefits and assigns the remaining R6.518 million primarily to former members, with a minimal portion reserved for pensioners while explicitly excluding active members and the employer. Following a statutory valuation dated 1 March 2004, a mandatory twelve-week objection period, and extensive tracing efforts for 99 former members, the Curator certifies the allocation as equitable and requests formal Registrar approval.
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