That surplus was built up under the previous regime, so it's difficult for me to factor that into the new regime. If there had been no change, you'd have to ask if the premiums had been adjusted to reflect that surplus. It's difficult for me to say what that would be. I'm going back many years here. I think Sheila Fraser first raised issues around the size of the EI surplus in one of her auditor general's reports many years ago. That was a long-standing issue of the past. As I said, they've hit the reset button with new legislation to zero out and start afresh, and it is a new regime.
On March 25th, 2014. See this statement in context.