I'll address that.
The plan is designed as a plan structure, a benefit formula, that does recognize an expected level of CPP benefit. That is true. But it is not tied directly to CPP so if someone takes their Canada pension plan earlier than the assumed retirement age of 65, or decides to defer and take it later, that doesn't affect the benefit that comes from the Canada Post plan. There is a very approximate reflection of expected benefits from the CPP, but not direct.
With the increases that have been announced to the Canada pension plan, we are talking to our clients, including Canada Post, to encourage them to look at their benefit formula, and if it's not an automatic shift—which for Canada Post it's not; for most plans it isn't—do they want to rethink the benefit level because some members, especially at the lower end of the earnings ladder, will have significantly higher benefits under the CPP, and maybe then it would be appropriate to scale back the benefits under the registered plan, but not in all cases.