Thank you very much, Mr. Chair.
This follows an assessment made by the Chief Actuary of Canada, who works for Treasury Board. When he analyzed these pension plans, he determined that the contributions could be reduced, in light of the new configuration of the plan and the likelihood of upcoming changes in employee contribution rates—the employees being the members—and those of the employer, that is the House. So this is related to the distribution of contributions.
That decision was also based on other, external factors, such as the average age of members, the estimated rates of return of the plan, and the number of people who have already retired. A lot of factors were considered.
Acting independently, the Chief Actuary of Canada determines the contribution rate of the House as employer. He determined that if appropriate, the contributions would be reduced by $2 million a year, in light of all of these factors as a whole.