I just wanted to express our concerns with regard to this amendment as written. I made Mr. Davies aware of these comments in relation to this.
Bargaining agents already have a role as part of the public sector pension plan advisory committee and are required to be consulted on matters such as setting the contribution rates and the handling of non-permitted surpluses. This would add the requirement that every time the government recalls funds to pay for member benefits, it consults with the bargaining agents. This would go against the spirit of the measure, which is intended to clarify the administrative process. We think it would add significant new steps to it.
For those reasons, we'll be opposing it.