National Power pensions

A HIGH Court judge who ruled last month that electricity giant National Power acted lawfully in taking about Pounds 250 million…

A HIGH Court judge who ruled last month that electricity giant National Power acted lawfully in taking about Pounds 250 million from its pension fund surplus agreed yesterday to hear pensioners' lawyers allege an "obvious error" in his judgment.

Mr Justice Robert Walker had held that the use of a proportion of pension fund surpluses to help finance redundancies and early retirements in the privatised power companies was legal.

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