Thank you again to our guests, not just for your information, but for your patience as well.
My question is relative to paragraph 1.12. It's interesting when you look at the longevity piece and what's happening in Canada with regard to the pension plan. You start making a comparison. As you noted in your report, in 1970, for instance, in the public service, a normal person had 41 working years and 14 retirement years. In 2010 that was 39 working years and 23 retirement years.
It's amazing and startling when you look at those numbers and you start realizing the impact they have on the pension plan in the country and the challenges of ensuring the sustainability of that plan.
I realize that the decisions in the 2012 budget were made obviously to maintain the sustainability of the plan and, hopefully, to increase the savings over a period of time. I think the year you quoted was the 2017-18 fiscal year.
I have two questions. One thing you note in your report is that while there is a trend for longevity to increase, and you expect it to continue into the future, you're expecting it to increase at a slower pace. I'd like to know which indicators allowed you to draw that conclusion.
Also, do you think the government's raising the pensionable age by five years and increasing the employee's share of contributions to 50% will be adequate in terms of sustainability, or will we be looking at further changes that could come within the next few years?