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Government Operations committee  I'm happy to comment on that, Madam. I heard part of Mr. Robson's presentation about the health of the MPs' pension fund, and it seemed rather alarmist to me. I do not share his point of view.

October 2nd, 2018Committee meeting

Yves Giroux

Government Operations committee  In my opinion, the actuarial obligations are accounted for in Canada's public debt and provisions have been made and recognized as part of the government's future obligations to MPs and senators. It is already part of the liability. It is true that no funds have been set aside to grow in an account, but that is known and is already part of the Government of Canada's debt.

October 2nd, 2018Committee meeting

Yves Giroux

Government Operations committee  Yes. When they say the government's debt is $650 billion or that its debt-to-GDP ratio is 30%, that includes the government's liability to its pensioners, including current and former MPs and senators.

October 2nd, 2018Committee meeting

Yves Giroux

Government Operations committee  Mr. Chair, I feel like I'm in the House of Commons. Thank you for the invitation to appear before you today. I'm pleased to be here for the first time before a House committee since being appointed Parliamentary Budget Officer, thank you, upon resolution of the Senate and the House of Commons.

October 2nd, 2018Committee meeting

Yves Giroux