Following the election, Elgie favoured an alliance with the New Democratic Party to keep the Progressive Conservatives in power. These plans came to nothing, and the opposition Liberal Party was able to form a minority government with NDP support on June 26, 1985. Elgie had little interest in serving on the opposition benches, and soon accepted an appointment by new Liberal Premier David Peterson as chair of the Workers' Compensation Board of Ontario. He formally resigned from the legislature on September 26, 1985, and served as chair of the Ontario Worker's Compensation Board until 1991.