Thank you.
Sometimes the government imposes a number of things on us at the same time in parliamentary terms. The committee's two vice-chairs had to be in the House speaking on Bill C-9. That's why you sometimes see this round table.
I'd like to ask Mr. Béland my first question.
On page 4 of your brief, you say: “While CPP is fiscally sound for the predictable future, this is not the case of QPP, which should face real fiscal challenges starting in the 2040s, and perhaps even earlier.” You say that the QPP “should face” challenges, which, in my view, is a little too affirmative. I would have said that it “might” face challenges. I note a reference in one of your endnotes entitled “Débâcle à la Caisse: Que faire avec le Régime de rentes du Québec?”
You know that the Quebec Pension Plan is managed by the Caisse de dépôt et placement du Québec, where the pensions are deposited. The caisse makes investments, as its name suggests. Yes, there has been a collapse. Some have even said debacle.
In view of the fact that the new administration of the caisse seems to be managing its risks in a more appropriate manner, aren't you trying to scare people somewhat by saying that the Quebec Pension Plan will be facing enormous challenges starting in 2040?