Thank you, Mr. Chair. The cost estimates that we have now, and they are estimates only and they are ranges, because there are a number of unknowns involved. It would be about $2.5 million to $4.5 million we estimate, associated with winding up the existing pension plan, and between $1 million and $10 million associated with transferring employees to the Government of the Northwest Territories. The very wide range is due to the fact that employees have a number of options they could select with respect to their pension arrangement. They can choose the option that is most beneficial to them, but unless you know which option is chosen, you can’t specifically cost it.
Ms. Melhorn on Committee Motion 32-16(4): Concurrence Of Tabled Document 62-16(4): NWT Main Estimates, 2010-2011, Carried
In the Legislative Assembly on February 24th, 2010. See this statement in context.
Committee Motion 32-16(4): Concurrence Of Tabled Document 62-16(4): NWT Main Estimates, 2010-2011, Carried
Consideration in Committee of the Whole of Bills and Other Matters
February 23rd, 2010
Melhorn
See context to find out what was said next.