Madam Chair, from a Member's perspective, reciprocal agreements may allow the Member to seek an elected position without it adversely affecting their retirement savings. The issue is that if a reciprocal agreement is set up so that the Member's lifetime pension is not adversely affected, it usually means that the plan suffers additional cost. Or, if the reciprocal agreement is set up to be cost neutral to the plan, it likely will provide little to no value to most Members. Therefore, I recommend that this recommendation be rejected.
Rocky Simpson on Committee Motion 275-19(2): Tabled Document 582-19(2): Report on the 2021 Review of Members' Compensation and Benefits - Northwest Territories - Transfer of Pensions, Defeated
In the Legislative Assembly on October 18th, 2022. See this statement in context.
Committee Motion 275-19(2): Tabled Document 582-19(2): Report on the 2021 Review of Members' Compensation and Benefits - Northwest Territories - Transfer of Pensions, Defeated
Consideration In Committee Of The Whole Of Bills And Other Matters
October 18th, 2022
Page 4669
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