Thank you, Mr. Chair.
Thank you, witnesses.
I want to reinforce Mr. Mulcair's comments, Mr. Valentini. Frankly, it would be inappropriate for your organization to be awarding itself significant bonuses in light of not only your performance in the market but of market conditions. Canadians have taken a pretty major haircut in the market in the last while, and it seems to me that even if you have outperformed the market, even if you've done better than the market, it would be inappropriate for people who are controlling these vast sums of money to be awarding themselves significant compensation above and beyond normal, because we do not live in normal times.
I did want to ask Ms. Miazga a question with respect to PIAC's proposal 1(c), “permitting plan sponsors to establish special purpose accounts”. Whose accounts are they? Are they the sponsors' accounts or are they the plan's account?