❓ A WA parliamentary question probes the authorisation, review, and impact of accessing the Minimum Benefit Guarantee Fund for administration costs within the Government Employees Superannuation Fund since February 2001. The response indicates authorisation under the State Superannuation Act 2000, annual review of costs, and no cost to members.
AnsweredQoN 3088Legislative Assembly
QuestionView source ↗
(b) who authorised the use of this fund; (c) what action was taken to review administration costs once it was found that the minimum benefit guarantee fund had been accessed for administration costs; (d) if no action was taken, at the time, why not; (e) since February 2001, how many times has the minimum benefit guarantee fund been accessed for administration costs; and (f) what is the total cost to members of the superannuation fund?
(c) what action was taken to review administration costs once it was found that the minimum benefit guarantee fund had been accessed for administration costs; (d) if no action was taken, at the time, why not; (e) since February 2001, how many times has the minimum benefit guarantee fund been accessed for administration costs; and (f) what is the total cost to members of the superannuation fund?
(d) if no action was taken, at the time, why not; (e) since February 2001, how many times has the minimum benefit guarantee fund been accessed for administration costs; and (f) what is the total cost to members of the superannuation fund?
(e) since February 2001, how many times has the minimum benefit guarantee fund been accessed for administration costs; and (f) what is the total cost to members of the superannuation fund?
(f) what is the total cost to members of the superannuation fund?
(b) The State Superannuation Act 2000 authorises the payment of administration costs from the Government Employees Superannuation Fund. (c)-(d) Administration costs are reviewed annually. (e) refer to (a) above (f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
(c)-(d) Administration costs are reviewed annually. (e) refer to (a) above (f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
(e) refer to (a) above (f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
(f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
(c) what action was taken to review administration costs once it was found that the minimum benefit guarantee fund had been accessed for administration costs; (d) if no action was taken, at the time, why not; (e) since February 2001, how many times has the minimum benefit guarantee fund been accessed for administration costs; and (f) what is the total cost to members of the superannuation fund?
(d) if no action was taken, at the time, why not; (e) since February 2001, how many times has the minimum benefit guarantee fund been accessed for administration costs; and (f) what is the total cost to members of the superannuation fund?
(e) since February 2001, how many times has the minimum benefit guarantee fund been accessed for administration costs; and (f) what is the total cost to members of the superannuation fund?
(f) what is the total cost to members of the superannuation fund?
(b) The State Superannuation Act 2000 authorises the payment of administration costs from the Government Employees Superannuation Fund. (c)-(d) Administration costs are reviewed annually. (e) refer to (a) above (f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
(c)-(d) Administration costs are reviewed annually. (e) refer to (a) above (f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
(e) refer to (a) above (f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
(f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
AnswerView source ↗
Answered
19 October 2004
Response time
63 days
(a) For the year ending 30 June 2002 - $5.7 million and for the year ending 30 June 2003 - $3.0 million.
(b) The State Superannuation Act 2000 authorises the payment of administration costs from the Government Employees Superannuation Fund.
(c)-(d) Administration costs are reviewed annually.
(e) refer to (a) above
(f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
(b) The State Superannuation Act 2000 authorises the payment of administration costs from the Government Employees Superannuation Fund.
(c)-(d) Administration costs are reviewed annually.
(e) refer to (a) above
(f) Nil. The use of the Minimum Benefit Guarantee Reserve in (a) above did not result in any cost to members
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