Regulatory Alerts2018-04-01
Statutory Valuation Report for Datakor Group Pension Fund as at 1 March 2004
Sellems Actuaries & Statisticians issued this statutory valuation report to determine the apportionable surplus of the Datakor Group Pension Fund as at 1 March 2004 following its placement under curatorship. The valuation confirms a sound financial position with a 263.7% funding ratio, identifying a net surplus of R54.187 million derived from recovered misappropriated assets and purchased Old Mutual annuities for 108 pensioners. The report establishes that no statutory minimum pension increase is due as of the valuation date and outlines the discounted cash flow methodology used to calculate recoveries and liabilities for future surplus apportionment under the Pension Funds Act.
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