If I may, I would just like to clarify one thing. It's very important to understand, Mr. McKay, that the current method for setting the premium rate will also apply with the new Board, that the goal of balancing the account has been stated in the act since 2005. There is no difference in this respect. Fundamentally, the only major difference is the creation of an independent account. That's all.
As far as everything else goes, if you look closely at the act and compare sections 66, 80 and so on with the proposed provisions in Part 7 of Bill C-50, you will find the same things. The provisions are identical. This process is already used to set the current premium rate and the money is there to meet the needs of the EI system. The premium rate currently generates surpluses which would be substantial enough to make improvements to the system.