Court victory for municipal pension fund a blow for members

The high court in Pretoria has ruled in favour of a retirement fund and its administrator, overturning a determination by the Pension Funds Adjudicator, after a member complained to the adjudicator that he had received less than his expected pension payout because the fund had changed the rules on how the payouts were calculated.The matter, with Akani Retirement Fund Administrators, the Municipal Employees Pension Fund (MEPF) and the Dr JS Moroka Local Municipality as respondents, pertained to a complaint brought by John William Masangu to the adjudicator, Muvhango Lukhaimane.

Proceed to Source : IOL

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