Public Accounts committee  It wouldn't necessarily affect the actual.... If I cashed out early, yes, I'd have to think this through.

Public Accounts committee  That's correct.

Public Accounts committee  Just to be clear, the $350 million is the maximum amount—

Public Accounts committee  —that we would guarantee.

Public Accounts committee  Right. Those are the guarantees in force. That's the total value of mortgages that those two companies have insured.

Public Accounts committee  To be clear, the government is not providing $350 billion, actually, in this case, to those two companies.

Public Accounts committee  It would be a combination of the guarantees for the private insurers of $350 million plus a $600-billion limit for the CMHC, so a total limit on the mortgage guarantees of $950 billion.

Public Accounts committee  It's in volume I, table 11.8, on page 359.

Public Accounts committee  If I cashed out early, it would affect the total actuarial value of my pension benefit over the course of the rest of my life.

Public Accounts committee  But the key point is that the liability is recorded in the current debt, so if I retire tomorrow, all of the liability the government will incur from my pension plan is already recorded in the debt.

Public Accounts committee  What happens afterwards is cash payments.

Public Accounts committee  It's not a question of the liability the government has, but of the cash needing to be paid out. The pensions we are saying are unfunded will affect our future cash flows in a negative way. They will not affect the liability of the government. That deficit won't change, but the c

Public Accounts committee  The guaranty fee is principally in place to provide a level playing field between the private sector insurers and the Canada Mortgage and Housing Corporation, which is also active in the area and insures about a half of the market. Of course, CMHC has an implicit 100% Government

Public Accounts committee  These are the total of the transfers to the World Bank and the African Development Bank for international assistance.

Public Accounts committee  Sorry, there's a few other things in there, but primarily that's what they relate to.