Finance committee  Well, if it's illegal in one province, then it's a challenge for a national employer to try to do it in one province and not in the others.

Finance committee  I don't know. It could be a liability fear issue as well, that if they opt in and then things go badly....

Finance committee  It may be tied to the fiduciary liability concerns.

Finance committee  Sales from whom to whom?

Finance committee  The evidence is that you'll have about a 40% higher participation rate with an opt-out type design, where doing nothing gets people in rather than having doing nothing getting people out.

Finance committee  In a typical employment situation, it would be going to the HR office or ticking a box on a form. It's about as much work as getting in, but it seems to be a barrier to humans. It never quite makes it to the top of the list.

Finance committee  No.

Finance committee  It really has nothing to do with vesting, once you're in the plan. It has to do with whether you're automatically in or automatically out when you meet your six months or when you first come on payroll.

Finance committee  No.

Finance committee  Universities are a bit of a weird animal, which have a contributory defined benefit plan.

Finance committee  I think they're a wonderful source of security. If we can keep the ones we have, we'd be doing very well.

Finance committee  That is precisely what I meant. I have a 22-page booklet with 11 rows listing the different requirements in 11 different jurisdictions for pension law and pension compliance. It adds an incredible administrative burden and has to add to the cost of any employer's plan. If you wan

Finance committee  I think that's my point. I don't know that there is much of a rationale behind it. Essentially we're seeing a lot of retirement savings occurring through group RRSPs, which is a mechanism that was designed with individuals in mind. When we see an employer deciding whether to do

Finance committee  This is when the employer is choosing whether to offer a DC plan or a group RRSP. If they choose to offer the group RRSP, they're implicitly choosing to pay higher payroll taxes.

Finance committee  No, group RRSP, by definition, is closer to a DC plan.