Finance committee  Thank you, Mr. Chair. The Proceeds of Crime (Money Laundering) and Terrorist Financing Act is administered by the Canada Border Services Agency, CBSA. It requires persons or entities to report to customs authorities, during importation or exportation, currency of a monetary valu

Finance committee  It applies to clauses 174 and 175.

Government Operations committee  I wasn't around back in 2000. There was a review, I believe, in the late 1990s—and I may be getting my facts mixed up—where the government of the day was looking for cost savings. They looked at various crown pension plans that were under the PSPP, did a review, and made the de

Government Operations committee  It's difficult for me to speak to what I think would be the key things that would make a pension plan a success without giving away some of the considerations that we would take into account in developing options. It's not appropriate for me to get into too much detail on that.

Government Operations committee  Is it the solvency deficit?

Government Operations committee  I think any questions about the deficit and whether we feel it is accurate are better put to Mercer, the external actuary.

Government Operations committee  CPPIB was created for very different reasons. The governance structure is entirely different, such that you have provincial stewards. I'm not sure how you would transplant that model onto Canada Post. I think if you want to involve all the parties with representation from the un

Government Operations committee  Are you just asking for the actual deficit? That is now at $8.1 billion.

Government Operations committee  Canada Post has a team that manages it, with the money held in trust.

Government Operations committee  That's a question I would put to Canada Post.

Government Operations committee  The plan administrator is.

Government Operations committee  Oh, sorry.

Government Operations committee  It's the earpiece actually.

Government Operations committee  I'm sorry, but I'm not able to respond to that. I only look after the federally regulated pension plans and the public service pension plan is not part of our portfolio.

Government Operations committee  In terms of returns, amongst the crowns it was pretty on par.