Thank you, Madam Chair. It is simply that the pension fund for those employees is not making enough money, and so it has to get topped up. That is due in part to federal regulations that monitor what the comfort level is on our pension, and so we have to continue to pay in to bring it up to a certain level to ensure that it is stable and reliably available for the employees who may be drawing from it. Thank you, Madam Chair.
Caroline Wawzonek on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 26th, 2020. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
February 26th, 2020
Page 243
See context to find out what was said next.