It's difficult for me to speak of why. Mr. Ferguson, the former Auditor General, put forward his fully detailed business case. I think it's 15 pages long, or something like that. All of the details are there; the breakdown is there. They speak of the additional mandates we have. It lists them and gives them the breakdown, in terms of their costs. It gives the example of the complexities of new investments that the pension plan invests in. They are not just T-bills, where you get the value of the day. It's complicated financial instruments.
On June 13th, 2019. See this statement in context.