Thank you, Madam Chair. The pension contribution for Members is actually divided into two segments. The Members' pension expense is actually an accounting adjustment that is done to the pension plan every year. It reflects, basically, the change in assets and liabilities on the balance sheet of the consolidated revenue fund. That accounting adjustment has gone down. However, within the Members' operating expenses, there is a segment of the annual cash contribution to the pension plan which has actually increased by $500,000. They don't fully offset each other. The accounting adjustment is largely just a bookkeeping entry, but, in fact, under the Members' operating expenses, there has been an increase in the cash contribution this year of $500,000. Thank you, Madam Chair.
Mr Mercer on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 4th, 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
March 4th, 2020
Page 499
Mercer
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