Thank you, Mr. Chair, and thank you to our witnesses. It's good to see many of you again. I met most of you during the pension consultations. It's good for everyone to hear this, and it's good to repeat some of these messages publicly.
I was quite pleased to hear Ms. Warmbold remind us that:
...the portfolio we manage today is not being used to pay benefits today. In fact, it will be another 11 years before the money from the fund will be required to help pay pensions.
There's an urban myth out there that when our kids get to Canada Pension age there won't be anything left, and I think we need to get your message out to Canadians even more. So hopefully this appearance and this process will do that.
Mr. Ambachtsheer, you're a renowned international expert on pensions, and now you're referring to expanding the Canada Pension Plan. As of today, do we have adequate governance in place if the economic downturn continues? We understand that these folks have good investment practices--probably better than some of the other performers. Do we have adequate governance in place for the Canada Pension Plan to make sure it is secure, in your view?