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Finance committee  It is starting at age 50.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  The chief actuary, when he produces his report, does everything in nominal dollars.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  According to the chief actuary, in 2030 there will be 9.4 million beneficiaries for the OAS program. This is according to the ninth actuarial report.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  For the actual program.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  The percentage spent on GDP changes very slowly up until 2060. It's still around 3.14% until we reach basically around 2045. Then it starts to.... There are going to be differences. You're using different kinds of statistics but they both show the same pattern. It does decrease,

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  It's 3.14.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  From about 2.2 today.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  Off the top of my head, and I'll look at my notes to make sure, I think it's increasing. By 2030 it will be 3.14% of GDP, and today I think it's 2.4%. But let me verify that number.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  Pardon?

May 17th, 2012Committee meeting

Annette Vermaeten

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  Exactly.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  It reaches its peak in 20—

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  It reaches its peak and then it slowly decreases.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  That's correct.

May 17th, 2012Committee meeting

Annette Vermaeten

Finance committee  The dependency rate remains at about two working-age Canadians per senior. The statistics I have in front of me indicate until at least 2050...and I don't have any information beyond that. But it stays steady at two working-age Canadians per senior.

May 17th, 2012Committee meeting

Annette Vermaeten