The hon. member says that was a great government.
The experience we had there would be rather enlightening to members opposite, were they to look at the impact. In reality we had one pension in a deficit and another in a huge surplus. There were arguments about whether or not the contributions being made by the teachers were sufficient or fair in light of contributions being made by other employees in the public sector, and indeed in the private sector.
I can say that people in the private sector would be delighted to have a pension plan similar to the one we are discussing today and certainly similar to the one the teachers enjoyed and still enjoy in Ontario.
I can see that we are changing the guard. I should clarify for the Chair that I was told by the whip's desk that I should be discussing this for a full 20 minutes, as opposed to sharing my time.
In any event, the results of that legislative change in the parliament of Ontario were that we took a teachers pension fund that was in one sense in some jeopardy and by increasing the contributions and by taking the surplus into proper use, we were able to create one of the strongest pension funds in all of Canada, perhaps even all of North America. In fact, look at what it owns.