Rössing Pension Fund’s surplus allocation set aside

The distribution of the Rössing Pension Funds surplus funds is back to the drawing board. The situation is obliging the trustees of the Rössing Pension Fund to consider a formula that would be acceptable to all involved in the distribution of the N$450 million surplus funds.
Windhoek High Court Judge Shafimana Ueitele on Wednesday set aside the formula in accordance of which 15% of the fund was to be allocated to the former members and 33% to Rössing Uranium Limited through a three-year contribution.
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