Thank you, Mr. Chair.
I noted that two of the improvements proposed in Bill C-36 are to enhance the fiscal sustainability of the Canada Pension Plan. One provides new guidelines that would instruct the chief actuary about how to go about calculating the full benefits of the CPP benefits. The other provides some rules around greater transparency in terms of reporting these costs and integrating this new fully costed arrangement into the deductions that are paid.
I also note that the other part of the bill calls for extending Canada Pension Plan disability benefits. For the benefit of the members of this committee, I'd like you to elaborate on the intricacies around these two proposals with respect to federal-provincial jurisdiction and how complicated it was to get to this point because, as we all know, the Canada Pension Plan is not exclusive federal jurisdiction; it is joint jurisdiction, and there is a very complicated collaborative process to get us to this point. Maybe you could also tell this committee that any changes to this legislation with respect to the pension plan would require us to go back to the provinces to restart the consultation process and regain their consensus on this matter.