Government Operations committee  I cannot answer as to what the Department of Finance is going to do.

Government Operations committee  Currently at this time, because the public accounts for 2013 aren't out yet, we can't answer that. We expect that in the coming months, though, we'll be able to determine what savings have been—

Government Operations committee  That's the expectation.

Government Operations committee  I can't say exactly. I'm waiting until the accounts come out, but that's the target.

Government Operations committee  I'm sorry....

Government Operations committee  The $2.1 billion, I apologize.

Government Operations committee  Again, we're targeting to reach the savings by 2017, and we're monitoring the contribution rates over the....

Government Operations committee  Yes, they are. We've set the contribution rates based on the most recent actuarial evaluation, which determines the funding requirements for the plan. We normally set the rates for a three-year period.

Government Operations committee  I'll pass this on to Jean-Claude.

Government Operations committee  It's important to understand that there are different types of structures when you're comparing us to other public sector plans. Our plan is in legislation, so we are tied to specific rules that are in there as well. With respect to administering the plan, we've just gone throug

Government Operations committee  Our pension plan does not normally have contribution holidays.

Government Operations committee  I would have to get back to you with the answer to that question. It's Public Works.

Government Operations committee  I will have to work with Public Works to get you an answer to that question.

Government Operations committee  This is a decision of the government to move towards an age 65 retirement benefit.

Government Operations committee  Thank you, Mr. Chair. Thank you for the invitation to appear before your committee today. I'm here with Ernest Meszaros, a senior adviser within Pensions and Benefits at Treasury Board. We'd like to provide you with an overview of the public service pension plan and the work w