Thank you, Mr. Chairman. I would like to thank the witnesses for being here, for their time and their presentations. My question is about a response given to a question asked by my colleague.
This time I actually want to direct my question to Mr. Georgetti and Mr. Benson, and if we have time, someone else can weigh in on it. It has to do with the time of entitlement. It is not so much the age but the ratio of the number of years that somebody is entitled to pension benefits as it relates to the number of years worked.
Over the last number of months and the last couple of years, there has been much commentary around the world on the entire demographic challenge of people living longer, and not only living longer but living more healthily. It raises questions on overall economic productivity and personal responsibility.
This is perhaps a more philosophical question. What are your thoughts about the appropriateness of the current ratio that we have and the fact that the ratio is increasingly becoming skewed as people are living longer? From a labour perspective, could you provide your thoughts on whether it's really tenable and whether it's sustainable on a larger macro basis?