Mr. Chairman, yes, doing phase 1 of this review showed us two things. One, that we would not be able to set up our own plan with a cost advantage, even counting in the $12.5 million. We are better to stay with the superannuation plan. Second, although not a deciding factor but certainly a message we heard from government employees, was that they did not want us to move off the superannuation plan. However, the deciding factor for us in terminating this was simply that every evidence we had was that we could not do it less expensively. Thank you.
Joe Handley on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on June 18th, 2002. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
June 18th, 2002
Page 887
See context to find out what was said next.