What I'm suggesting to the committee is looking at this on the basis of the evidence. What is the most financially sustainable approach and what does produce the most retirement security for the dollar? The answer to that question is often a bit counterintuitive. You hear a lot of debate in the media about how the DC is more efficient, but in a situation like this, where you have an existing defined benefit plan, making that shift can be very expensive. An example—
On September 27th, 2016. See this statement in context.