Finance committee  The current contribution rate for the CPP is not based on full funding, so if we doubled the contribution rate, the benefits would be more than double, because the expansion would be done on a fully funded basis. When you fully fund, you pay ahead of time and you don't have to put as much in the plan.

Finance committee  Yes.

Finance committee  Yes, I have two comments. First, there are a lot of criticisms that the remuneration of the CPPIB officers is too high. This is a concern, because it represents millions of dollars, but the biggest concern that I see personally is that their remuneration includes performance bonuses.

Finance committee  The CPP expansion would consist of two things. Two things would be expanded. The benefit rate, which is currently 25%, would be increased to 70%. The maximum earnings on which the CPP applied, called the YMPE, would be increased from $46,300 this year to the maximum applicable for tax purposes to a registered pension plan, which is $116,000 a year.

Finance committee  Okay.