Yes.
For our federal government employee pension plan, the plan value is $42.4 billion. The liabilities were assessed at $46.8 billion, so we have an actuarial deficit of $4.2 billion, as you mentioned.
Every few years actuaries come and assess where our investments are and what our future liabilities are. This one was done in 2011. There's going to be another assessment in 2014, so we will have a better sense.
Who manages this account? We have the Public Sector Pension Investment Board. It is outside the government. They are basically an investment body. They invest in all sorts of places. They invest in Canada. They invest internationally. Like all pension investment bodies, they invest in the best markets where they can get better returns.
The reason the actuaries said that we have a deficit is that 2011 came right on the heels of the economic downturn in 2009-10. The markets went down, and with that all of the pension plans had quite a lot of challenges. This reflects that.
Under law, the moment we're under a deficit, as you correctly pointed out, we have to put payments in. On the Treasury Board side, under “Statutory”, we explain that this year it's $443 million that we have to put into the pension plan. We will do so, I think, for the next 12 years. However, if the actuarial definition changes, if the number comes down, then probably our payments will change.