National Tertiary Retirement Fund v Mokadi and Another (419/2015)
National Tertiary Retirement Fund v Mokadi and Another (419/2015) [2016] ZASCA 92 (1 June 2016)
The Supreme Court of Appeal held that section 30N of the Pension Funds Act confers a discretion on the Adjudicator to order interest on a monetary obligation, including the rate and date from which it accrues. The Adjudicator was empowered to order interest from 2 June 2010, the date on which the University abandoned its civil action against Mokadi, and the Fund was no longer justified in withholding the benefit. The Fund's argument that payment of both fund return and interest would result in a double benefit was rejected, as these are distinct concepts serving different purposes. The Adjudi…
Source excerpt
- Pension Funds Act
- Withholding Of Pension Benefits
- Interest On Pension Benefits
- Adjudicator Discretion
- Prescribed Rate Of Interest Act