Camilleri v De Graaf N.O (In his capacity as the Executor of The Estate Late Raymond Camilleri) (7310/2017)
Camilleri v De Graaf N.O (In his capacity as the Executor of The Estate Late Raymond Camilleri) (7310/2017) [2021] ZAWCHC 264 (17 December 2021)
The court found that the wording of clauses 9.4 and 9.7 of the Consent Paper is clear and unambiguous. The phrase 'at the time of his withdrawal from the Fund' refers to the event when the deceased ceased membership and accessed his pension benefits, which occurred upon retirement and the subsequent purchase of a living annuity. The 'nett entitlement' means the gross benefit less taxes at the time of withdrawal. The Defendant's alternative interpretations were rejected as unbusinesslike and unsupported by the contract or factual matrix. The Plaintiff is entitled to half of the nett entitlemen…
Source excerpt
- Divorce Act
- Consent Paper Enforcement
- Pension Interest
- Void For Vagueness
- Contract Interpretation