BY NATION REPORTERAfter a 19-year-long court battle, in which110 pensioners have died, the surviving 126 BP Zambia Pensioners stand a chance of receiving their correct benefits following the appointment of an Actuary to compute their claim in accordance with the rules that applied to each one of them at the time of departure from the company.The BP Zambia PLC pension problems started when the company moved the management of the staff pension scheme from the Zambia State Insurance Corporation to Saturnia Regna Pension Trust Fund in January 1995.The Lusaka High Court yesterday appointed Independent Actuarial Consultants of South Africa to compute the benefits of the 236 former BP Zambia employees who sued their former employer in July 2002.When a large batch of employees were retrenched in 1999, they were forced to withdraw their contributions from the scheme and Saturnia promised in July 1999 that the affected employees would be paid the employer’s contribution at age […]
Justice for BP pensioners at last
