Regulatory Alerts2018-04-01
Form A - Sable Industries Pension Fund Surplus Apportionment Scheme
The Curator of the Sable Industries Pension Fund submitted this Section 15B scheme to apportion an actuarial surplus of R28.627 million exclusively to former members as a cash top-up to minimum benefit levels. The distribution plan allocates 100% of the available surplus to the 1,479 identified former members, with unclaimed benefits designated as unclaimed funds and future recoveries directed toward upgrading minimum benefits. The Curator certifies the apportionment as equitable, confirms compliance with the 12-week stakeholder consultation period, and requests Registrar approval for implementation.
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