Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
earnings |
pension |
definition |
|
Summary:
Level Retirement Income. Du Pont employee. It is of the essence of the contract of loan that the borrower is obligated to repay: no such obligation here and pensioners who die before age 65 do not leave their estates with any liability. Leave to appeal to SC dismissed 18-5-89.
Du Pont employee who chose the Level Retirement Income option characterized by Umpire as a loan. Not in the nature of a loan. Such payment received from the pension fund, no matter how calculated, is a pension arising out of employment. Leave to appeal to SC dimissed 18-5-89.