Plaintiff was employed by Defendant from 15th October 1969 and at the time of his retirement on 17th March 2008 he was the Chief Finance Officer. Prior to Plaintiff’s retirement effective January 2008 there was a salary increase of 20% which was not used in calculating Plaintiff’s retirement benefits. Wherefore Plaintiff per his writ of summons and statement of claim claimed the following reliefs:
I. An order directed at the Defendant to recalculate the retirement benefits of Plaintiff with effect from 1st January 2008.
II. Payment of arrears of salary for January 2008 – March 2008.
III. Interest on arrears at salary from January 2008 – March 2008 calculated and due Plaintiff at current commercial bank rate from 1st January 2008 until final payment.
IV. Interest on arrears of retirement benefits from January 2008 to date of final payment.
V. Cost and also outstanding arrears on retirement benefits.
The matter was referred for settlement by Alternate Dispute Resolution…