This is page numbers 6419 – 6480 of the Hansard for the 17th Assembly, 5th Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was public.

Topics

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Frederick Blake Jr. Mackenzie Delta

Yes.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

The Chair Robert Bouchard

Is committee agreed?

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Some Hon. Members

Agreed.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

June 4th, 2015

The Chair Robert Bouchard

Sergeant-at-Arms, please escort the witnesses into the House.

Thank you, Mr. Blake. Can you please introduce your witnesses.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Frederick Blake Jr. Mackenzie Delta

Thank you, Mr. Chair. To my left I have Kelly McLaughlin, director, legislation division, Department of Justice; and my right-hand man, Mr. Tim Mercer, Clerk of the Legislative Assembly.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

The Chair Robert Bouchard

Thank you, Mr. Blake. I’ll open with general comments to the bill. Mr. Dolynny.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Daryl Dolynny Range Lake

Thank you, Mr. Chair. I’d like to welcome Mr. Blake to the witness table, and colleagues.

Just some housekeeping items with respect to this act. When something like this comes into play it will definitely factor into the quantities, the dollar figures in the pension fund and make changes thereof. Has there been any actuarial performance done as to what impact this may have on our current plan?

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

The Chair Robert Bouchard

Thank you, Mr. Dolynny. Mr. Blake.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Frederick Blake Jr. Mackenzie Delta

Thank you, Mr. Chair. I’ll refer that to Mr. Mercer.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

The Chair Robert Bouchard

Thank you, Mr. Blake. Mr. Mercer.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Clerk Of The House (Mr. Mercer)

Thank you, Mr. Chairman. The pension plan actuaries have reviewed these amendments and have provided their view that the potential implications of the amendment are speculative. In other words, there’s no certainty that they will ever be called upon for use, and if they are called upon for use that they will have a negligible impact on the actuarial evaluation of the pension plan.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Daryl Dolynny Range Lake

I appreciate the response to that. To the question of timing, if this bill goes through here, when does this bill become enacted in terms of affecting… I assume, it was brought forward by one of the pensioners. When would this trigger any type of monetary flow?

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

The Chair Robert Bouchard

Thank you, Mr. Dolynny. Mr. Blake.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Frederick Blake Jr. Mackenzie Delta

Thank you, Mr. Chair. This will come into effect immediately at assent.

Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters

Daryl Dolynny Range Lake

Thank you. I have no further questions.