US EditionFund loses bid to remove limit on interest on arrear contributions – Moonstone Information Refinery
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Fund loses bid to remove limit on interest on arrear contributions – Moonstone Information Refinery
The in duplum rule is by default the limit on the interest that can be charged on arrear retirement fund contributions, the Full Bench of the High Court in Makhanda has affirmed. The court’s judgment, delivered in March, was the outcome of litigation between the Blue Crane Route Municipality in the Eastern Cape and the Municipal Workers Retirement Fund (MWRF). Between 2007 and 2013, the municipality failed to deduct the correct contributions fro…
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