De Wet v Government Employee Pension Fund (5821/05)
De Wet v Government Employee Pension Fund (5821/05) [2008] ZAGPHC 417 (7 August 2008)
The court found that the plaintiff's retirement falls squarely within Rule 14.3.1(d) of the Government Employees Pension Fund Rules, as he retired before his pension-retirement date but not before attaining the age of 55, and exercised a statutory right to retire under the Educators Employment Act. The specific provisions of sub-rule (d) apply to his situation, and his benefits are subject to reduction by the early retirement adjustment factor as prescribed in Rule 14.3.3(b). The court rejected the argument that both sub-rules (b) and (d) could apply, holding that the specific rule must be gi…
Source excerpt
- Government Employees Pension Fund
- Early Retirement Adjustment Factor
- Statutory Interpretation
- Educators Employment Act
- Pension Benefits Calculation