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Top court rules pension funds are private trusts
The decision overturns earlier rulings by the High Court and Court of Appeal, which had upheld Section 2(o) of the PPADA and classified pension schemes of public institutions as public entities...
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Top court rules pension funds are private trusts
The decision overturns earlier rulings by the High Court and Court of Appeal, which had upheld Section 2(o) of the PPADA and classified pension schemes of public institutions as…
- ·
Why apex court ruled that pensions are private trusts
The judges held that pension schemes, whether public or private, are savings vehicles managed independently by trustees solely for the benefit of employees.