Mr. Chair, concerning the repurchasing of debt, I am not a specialist. That having been said, for several years now we have been doing what follows in the actuarial report. As you know, since 2000, pensionable years of service are capitalized and the funds are invested with the PSPIBR.
In the actuarial report that was tabled in Parliament, you can see how the debt will gradually be moved to the financial markets. As of March 31, 2013, we were looking at a debt of $151 billion, as was mentioned in the Auditor General's report.
Today, roughly 33% of all pension-related debt is invested with the PSPIBR, while the other two thirds are still on the government books. These funds will gradually be transferred as people get older. In fact, in 2040, for example, roughly 90% of the liabilities will be supported by tangible assets.