Thank you very much, Mr. Chair.
I'd like to start with the OSB, as it's called. I'm not exactly sure what that stands for, except I believe the first word is “optional”. If I understand the testimony to date, this OSB plan allows for a pensioner to have a deduction from his pension in order to be able to provide a portion of that pension, after his death, to his survivor. I think Mr. Imbeau spoke of this, and also the Pinsents.
If I may, Mr. Imbeau, with regard to the OSB, have I correctly characterized the way it would work, that a pensioner could take a 50% cut in his pension in order to allow for a pension of 50% of his to go to his survivor? Is that the scheme?