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Thursday, 12 November 1964

Senator COOKE (WESTERN AUSTRALIA) - I address the following questions to the Minister for Defence in relation to the Defence Forces Retirement Benefits Fund: Is the Minister aware that general dissatisfaction in regard to the cost to contributors, the benefits paid and the conditions governing the Fund has been expressed by contributors? Does he realise that this is one of the factors which are militating against the success of recruitment to the defence forces? Are all members of the defence forces compelled to contribute to the Fund? Will the Minister order an investigation to be made of the Fund with the object of, first, improving the rules and conditions attaching to it, and secondly, increasing the benefits paid by it? What is the amount of reserve held in the Fund? When was the last actuarial examination of the Fund made, and what did it reveal?

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