No.
The budget stated that the rate increase of 5¢ until the balance is achieved would lead to a review of the board's mandate. The purpose of this operation was to establish the contribution rate as effectively as possible from a financial perspective.
So following that review, the government decided to suspend the board and to have the Governor in Council establish the rate, which was a more effective way of doing things. Once the account is balanced and the board can fulfill all its legislative duties, the board's activities would resume. It was mentioned that the board would then return to its role of establishing the contribution rate and its other duties relating to the investment of any surpluses.