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Finance committee  It's a classic example of what can happen if you assume that risk will turn into return.

May 27th, 2010Committee meeting

Dr. Keith Ambachtsheer

Finance committee  History is useful here, the history of these contracts becoming increasingly binding over the decades. It's an important piece of the background to this thing. If we look at this today, we see that the question all the way through has been the fact that through the 1980s and 199

May 27th, 2010Committee meeting

Dr. Keith Ambachtsheer

Finance committee  The company can go bankrupt and you will have a situation like we just heard of in terms of disability and pension liabilities. All of a sudden you get this jarring halt and the whole thing comes to a jarring end. The only way to deal with that is in fact to go to the same kind o

May 27th, 2010Committee meeting

Dr. Keith Ambachtsheer

Finance committee  I can hear you and I hope you can hear me.

May 27th, 2010Committee meeting

Dr. Keith Ambachtsheer

Finance committee  Thank you for inviting me. It appears that Canada has approximately a 15-year pension reform cycle. We created the Canada and Quebec Pension Plans in 1965. Fifteen years later, we looked at the supplementary pension arrangements, employment-based pension plans, and RRSPs, and c

May 27th, 2010Committee meeting

Dr. Keith Ambachtsheer