Welcome, Minister, and thanks for coming.
I just have a couple of areas. I have no real difficulty--others have indicated this as well--with establishing this entity in itself to manage this important fund and to make sure it does what it was set up to do. But I have two concerns that were raised in the hearings. One is the makeup of the board, which I want to explore with you. The other is the concern raised by the actuary who came in here, that there won't be enough money in the fund if we run into some turbulent times. That concerns me.
On the first one, it seems to me that a fund that is contributed to by both employers and employees should make sure it's in the interests of both because each one is going to be concerned as to the contribution that each will make and then, at the end of the day, what benefit will accrue. And the benefit will be based primarily on the kind of money that's in the bank and coming in.
I want to explore with you a little further why we're not seeing here a commitment of some sort toward making sure there's a balance on this board, from both the employer side and the employee side.