MAV recommended 19 solutions to help resolve the Defined Benefits (DB) shortfall payable by all Victorian Councils. A news media summary is in their website . We categorize their solutions into the appropriate problem solving management themes, which will give readers a better insight of the overall concerted and delegated solution implementation pieces:
As at late Jan 2013, who owns the investment risk management accountability of the current and future DB portfolio positions is still unclear – creating the reason for MRI contacting the MAV.
Monash Council has been advised MAV of this solution gap, including the State Premier and Minister for Local Government.
One of MRI’s key mandate is to facilitate good governance and better accountability to the community in local government operations.