Thank you, Madam Chair.
Good afternoon, ladies and gentlemen.
Mr. Ménard, you are an actuary. You therefore make sure that the Canada Pension Plan contains enough funds to pay out benefits to all those individuals retiring. You told us that the contribution rate of 9.9% that has been legislated and will apply in 2010 should be sufficient to ensure the viability of the pension plan. Your colleague told us that this should be for a three-year period.
What was the previous contribution rate?