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*Tendai Biti Sues First Mutual Over Pension* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?yj Prominent Lawyer and MDC Vice President, Tendai Biti, is suing First Mutual for $15 million over a pension package. He said the pension fund was converted to an annuity policy back in the 90s but First Mutual has apparently said that it will only pay him after he reaches 60 years – the retirement age. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- Said Biti in his High Court summons: > The annuitisation phase commenced with a payment of $15 648, 04 and the written projection given by defendant (First Mutual) was that upon attaining the retirement age of 60, plaintiff would be paid a capital value of $4 133 593 and an annual pension of $782 066, 47 giving a total assured sum of $15 million > In terms of the purchasing power parity theory which constitutes an integral tacit term of the insurance relationship between the parties, plaintiff (Biti) is entitled to a payment which preserves and reflects the total value by which he was insured More: New Zimbabwe itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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