Ä¢¹½ÊÓƵ

The Ä¢¹½ÊÓƵAT considered an appeal by the participant in the Fund.

The Ä¢¹½ÊÓƵAT found that the facts suggest that the participant¡¯s withdrawal settlement funds were paid into a bank account which had not been opened by him. At the same time, there were unanswered questions as to how the participant had bank statements and cancelled cheques from this account if he had not opened it. In addition, given the mismatch between the participant¡¯s name and the name of the holder of the bank account, there was no explanation as to why the wire transfer had been allowed to proceed and had not been rejected.

The...

Ä¢¹½ÊÓƵAT held that the Standing Committee correctly determined that the applicable rules provide that the pension participant is required to inform Ä¢¹½ÊÓƵJPSF in writing of the benefit election made and of any commutation elected and that there was no provision for third party advisement. Ä¢¹½ÊÓƵAT held that the Standing Committee¡¯s reliance on Article 30(b) of the Ä¢¹½ÊÓƵJSPF Regulations as a rationale for its finding that a deferred retirement benefit became payable to Ms. Assebe upon her separation from service was flawed on the basis that she did not elect for a deferred retirement benefit. Ä¢¹½ÊÓƵAT held that...