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Discussion Paper – Calculation of Interest

To ensure that an appropriate rate of interest was provided on retroactive awards, the Board conducted a review of its policy and considered alternative rates or formulas. At time of consultation, the Board calculated interest at a rate equal to the average return of the Board's total investment portfolio. Both the Royal Commission and the Administration expressed concern that this method may no longer be suitable.

Consultation ended June 9, 2000.

Consultation Deadline: Jun 9, 2000 File type: PDF (49 KB) Asset type: Discussion Paper