Gary Humphries (ACT, Liberal Party, Shadow Parliamentary Secretary for Defence Materiel) Share this | Hansard source

asked the Minister for Finance and Deregulation, upon notice, on 16 November 2010:

In both the submissions from the department and the Australian Government Actuary (AGA) to the Matthews Review, there is an explicit assumption made that the 'take up rate of pensions' would be greater under improved indexation arrangements as analysed, which subsequently affected (significantly) the financial estimates generated:

(1) On what historical basis have these assumptions been made.

(2) What hard historical data can be provided to support the assumptions.

(3) Given that the AGA's assumption that the take up rate of pension for the employer component would be from 75 per cent to 90 per cent for officers and 60 per cent to 80 per cent for other ranks (AGA submission, page 2) and that the implied take up rate of civilian schemes would be 50 per cent (department's submission, page 27), what would the estimates be if this assumption was completely removed from the analysis.