❓ Dr. Constable asks about the WA State Government's superannuation liability. The Treasurer responds with the unfunded liability as of June 2005 and projects its reduction to an immaterial level within 20 years due to funding of the new members' fund since 1998/99.
AnsweredQoN 1123Legislative Assembly
QuestionView source ↗
What is the State Government’s current superannuation liability?
AnswerView source ↗
Answered
18 May 2006
Response time
16 days
As at 30 June 2005 (the most recent date for which actual data are available), the State's unfunded superannuation liability was $5,749 million. This figure will reduce to an immaterial level over the next twenty years as the only fund open to new members has been funded since 1998/99.
This figure will reduce to an immaterial level over the next twenty years as the only fund open to new members has been funded since 1998/99.
This figure will reduce to an immaterial level over the next twenty years as the only fund open to new members has been funded since 1998/99.
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