There is a essential question here.
You say that these pension plans and their evaluation must be constantly monitored. However, if we cannot verify whether or not there are alternate assumptions, it is a little bit difficult to evaluate the long term sustainability of these plans and the quality of the analyses that have been done.
I am specifically referring to what is done by the central banks of certain foreign countries. Several governments have repurchased the actuarial debt associated with their pension plans, capitalized it and excluded it from interest-bearing debt. Has this kind of analysis and monitoring been done in Canada?
Perhaps Mr. Watson would be able to answer this question.