The plan is actuarially sound, if she is concerned about the 6:1 ratio. It is also worth pointing out that the contribution rate is very high by members, an 11 per cent contribution. A lot of money is put in by each individual member.
The hon. member should not confuse vesting with benefit payout. We will be dealing with the question of minimum age for benefit payout. Vesting is a qualifying period of time. It is actually a higher qualifying period of time than what most Canadians have in their pension plans. I do not see why it should be of concern to members of the third party at all. They have really picked on the wrong thing.
They have done this prematurely. They have picked on the vesting period because they do not seem to understand that it does not relate to benefit payout. They do not seem to understand that the government is going to live up to its red book commitments, but it is.