Mr. Speaker, we are reducing the cost of pensions to taxpayers by some 33 per cent. We are cutting over and above the commitments we made in the election campaign.
We said that we would end double dipping, and we have ended that. We said that we would put in a minimum age, and we have put in a minimum age of 55. On top of that we have also reduced the benefit level to save taxpayers 33 per cent of the cost of that pension plan or some $3.3 million annually.