That's a very nice question, yes. I thank the member from Burlington for that very helpful question.
I should say, generally, to members of the committee that we're having, as you know, ongoing pension discussions with the provinces and territories. The federal government is responsible for only about 10% of the pension plans in Canada. This is an area in which we obviously need to work together, and I look forward to further discussions when we meet together as finance ministers around December 20 in Alberta.
In this particular bill, as a result of the extensive consultations led by my parliamentary secretary, Mr. Menzies, several things are being done. They include authorizing the Minister of Finance to designate an entity for the purpose of receiving, holding, and disbursing the pension benefit credits of people who cannot be located by their pension plan; permitting information to be provided in electronic form; and requiring spousal consent before the transfer of pension benefit credits to a retirement savings plan. Those are some of the specifics.