Thank you, Chair. I appreciate that.
I believe we left off discussing the provisions in CPC-13, regarding the reporting requirements that we're seeking to add to the legislation as it currently exists. We are ensuring that, if the government is going to continue to vote down our asks for further transparency and reporting amongst the bill's provisions, that the existing reporting requirements, which it argued are sufficient, could be amended to provide greater clarity, particularly around plain language for Canadians to understand.
I'm hopeful that at that time the government would be willing to support subamendment two to CPC-13.
I move that the amendment be amended by adding, after proposed subsection 43.1(1), the following:
(1.1) The report prepared under subsection (1) and the report prepared under subsection (3) must include a plain-language explanation of what it means for the Canada Pension Plan to be sustainable, including whether projected benefits can be paid in full under the current legislation and the distinction between annual cash-flow deficits and actuarial insolvency.