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Government Operations committee  Thank you for that question. I think it's a fair question and a fair perspective. Again, it would depend on where the different plans are registered. I talked about, for example, the difference in the level of solvency. If you're a federally registered plan, that might include i

October 31st, 2016Committee meeting

Uros Karadzic

Government Operations committee  The plan is in a solvency deficit.

October 31st, 2016Committee meeting

Uros Karadzic

Government Operations committee  The plan is not in surplus, other than the small surplus—

October 31st, 2016Committee meeting

Uros Karadzic

Government Operations committee  —on an ongoing concern basis, if that's what you're referring to.

October 31st, 2016Committee meeting

Uros Karadzic

Government Operations committee  Canada Post had the exemption from solvency contributions, so it's not the solvency contributions that led it there. I think the biggest difference is the way these valuations are done. We're assuming a much higher discount rate on an ongoing concern basis, which reduces the liab

October 31st, 2016Committee meeting

Uros Karadzic

Government Operations committee  That in fact is one of the alternatives listed as a possible alternative to making the contributions. Essentially, extending the current exemptions or making them permanent would be an alternative. Again, that changes the cash contributions into the plan, which is what's at iss

October 31st, 2016Committee meeting

Uros Karadzic

Government Operations committee  Sure. If the exemption continues or is made permanent, then those large contributions that we're discussing would not have to be made.

October 31st, 2016Committee meeting

Uros Karadzic