Let me talk a bit about the calendar date for coming into force.
For the benefit of committee members and those who weren't here the other day, we heard there's a problem with the legislation in terms of picking a calendar day for the coming into force of Bill C-228. There was concern that, if there were companies going through bankruptcy proceedings, they would have to switch measures halfway through. I've consulted with the legislative clerk and she has verified that this is not the case. The coming into force means.... Only bankruptcy proceedings that start after the coming into force would be under the new measures. I just wanted the committee members to know that.
We also heard department officials say that federally managed pensions had five years to get solvent. Mr. Powell, you had some data that suggested they've been insolvent for more than five years. Can you comment?