Mr. Speaker, perhaps I should present some facts to the hon. member.
In the long term the fund intended to operate as "a pay as you go" with contributions and benefits more or less in balance. It was intended to hold two years of benefits as a buffer against fluctuations in the economy. The fund now has about three years worth of benefits.
As legislated contribution rates increase and come into force, the plan's income and expenditures are projected to be more closely in balance. Reserves will grow from $41 billion to nearly $55 billion over the next 10 years.
I hope this answers the hon. member's question.