Finance committee  Certainly. The research that was done in the fall for the ministry was the first time the databases that are available out there actually put pension plans and group RRSPs in the same study. They're among some of the first studies that look at what other assets people have, perha

Finance committee  No. I'm suggesting that the plan sponsor be given the option of including the negative option, as you so eloquently referred to it. The plan can be designed with an opt-out kind of feature.

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  Eliminating the complexity would help a lot, but the risk and.... The employment world has changed. People staying with one employer for 40 years is no longer the norm.

Finance committee  Therefore the defined benefit's a harder thing to match up with employment.