Thanks, Mr. Chair.
I have one question and then I'll turn it over to my colleague, Irene Mathyssen.
It's been suggested that the costs of managing the federal pension fund are much higher than the costs of comparable pensions at the provincial level. I'm wondering what is being done to benchmark the costs of administering the pension fund against the costs of other jurisdictions. How do you ensure that the fund is well managed and that the cheques are delivered in a timely fashion? I noticed in looking at the budget that at least in one fund there is a reduction of about $20 million in administration and $1 million in the public service pension fund account.
Whoever is appropriate can speak to that.