Thank you.
I'm glad you addressed the concern about the solvency deficit in Canada Post's pension plan. Of course, that's a type of accounting that may make sense in the private sector, or a company could go bankrupt and have to pay out all of its pension obligations at once, but that certainly won't be the case with Canada Post. It will always have employees contributing to the pension plan, and as I think you noted, on a going concern basis it's actually in surplus. I think your recommendation of exempting Canada Post from solvency valuation makes a lot of sense.
Another witness who suggested that idea was a pensions expert who argued that we should exempt Canada Post from solvency valuation only if its pension were put into joint trusteeship. I wonder what you think about that idea. Is that something that a postal workers union might have an interest in?