Former Standard Chartered Bank staff will have to wait longer for their dues after the High Court suspended a decision directing the lender to recalculate their benefits that were slashed because of using wrong actuarial factors.
Justice Anthony Ndung’u allowed the bank to challenge the decision of the Retirement Benefits Appeals Tribunal, a move that will see the 629 retirees wait longer for the dues. The pensioners have been in court for more than 13 years and some of them have since died.
