Hon Speaker, the hon Kalyan must be patient enough to listen to my comment. It is in a speech form. [Interjections.]
Please proceed, hon Tobias.
Thank you, hon Speaker. The majority in the committee decided that the Minister must designate the Deputy Minister of Finance or in consultation with the Cabinet, any other Deputy Minister within the Economic Cluster to chair the board as the public sector employees have a defined benefit, and if the PIC makes losses that reduce the pension benefits of the employees, it is the national fiscus that will have to make up for this.
After public participation process, the committee deliberated and resolved to remove the proposed clause which mandated the PIC to provide housing loans to members of the Government Employees Pension Fund, GEPF, who are in the missing middle with an income too high to qualify for state housing and too low to qualify for a