Finance committee  I will answer that question. The costs of activities other than that of the Office of the Chief Actuary are 100% recovered from the industry that we supervise and regulate. In the case of the Office of the Chief Actuary, it is the office which delivers certain services to certain pension plans or benefit plans within the federal government.

Finance committee  Exactly.

Finance committee  I can answer your question. The reason why capital expenditures are found under that activity, is because it deals mainly with investments in financial systems, as Julie Dickson was talking about, such as the Basel II Accord implementation, as well as other changes made to accounting rules.

Finance committee  That's right.

Finance committee  We receive approximately 55% of our costs as recoveries from the banks.

Finance committee  The positions were factored into our budget. We also factor into our budget an expected vacancy rate. We anticipate a certain level of turnover, and that turnover level exceeded our planning assumptions.

Finance committee  I would say it's probably about 20%.

Finance committee  It's about 11% or 12%.