Thank you, Mr. Chair. Thank you to all the witnesses.
First of all, we all like to think Canada is leading in everything, but we also should be realistic. I thought Mr. Laporte's analysis was interesting, that in terms of coverage ratios we're 12th in the OECD and in the middle of the G-7. That is nothing to be terribly boastful about--and I'm directing this to Ted Menzies. It does show there is more work to be done, which underlines the importance of these hearings.
My first question is to either Ian Dale or Donald Raymond. You say:
The Canada Pension reform model of 1996-97 and the CPP Investment Board are admired by national pension plans and pension funds around the world... Credit for this accomplishment belongs to policymakers.
Can you just remind us which policy-makers at the federal level you have in mind?