It's hard to know. Our projection is that the retirements of the baby boomers will peak in 2012 at about 3.7%, but generally speaking, a person doesn't always retire the day they become eligible for their pension. You do see people staying longer, so it depends a little on the policies we adopt. If we make it an attractive workplace where people who are close to retirement would like to work, we will probably see more of them stay.
On March 12th, 2009. See this statement in context.