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AI summary
The judgment concerns the Cadac Pension Fund, curatorship, and a dispute about a March 2020 decision to treat the Fund as closed and paid up since 1 March 2003, to refuse further contributions, and to refund contributions received. The court reviewed and set aside that decision and remitted the matter to the curators for reconsideration after consultation, with directions to prepare and submit an amendment to the Fund’s rules within 90 days of the order.
It may be relevant to pension funds, curators, administrators, employers and members dealing with rule amendments, transfers and fund administration.
Evidence from source
The decisions of the second, third and fourth respondents taken by resolution of 18 February 2020 and communicated during March 2020, namely to treat the first respondent as a fund which has been closed and paid up since 1 March 2003, to re
Supports: plain_summary sentence 1
following such consultation, and within 90 days of the date of this order, to prepare and to submit to the Registrar of Pension Funds an amendment to the Rules of the first respondent
Supports: plain_summary sentence 2
The first respondent is to pay the costs of the Main Application and the Review Application on Scale C, including the costs of two counsel, wherever applicable.