Finance committee  Unfortunately, I am not qualified to answer that question. Some advice is definitely provided. In my actuarial reports, I speak very clearly about the future performance assumptions for the assets of the Canada Pension Plan, for example, and the way in which we come up with those

Finance committee  All I can say is that I do not go into this type of detail regarding specific investment decisions. The people at the Canada Pension Plan are in a better position than I am to talk about this and to comment on their own investment decisions. Their objective is to follow the assum

Finance committee  No.

Finance committee  We are responsible for doing an actuarial valuation of the Canada Pension Plan every three years....

Finance committee  ...and of the Old Age Security Program. These two actuarial reports cover a 75-year period. We also do the actuarial reports for the public service of Canada, the Royal Canadian Mounted Police, the Canadian armed forces, judges appointed by the Federal Court and members of Parlia

Finance committee  Absolutely not.

Finance committee  I mentioned earlier that when I look at the overall pension assets in Canada, at the end of year 2007 they were equal to 140% of the GDP. The other six countries in this group are the Netherlands, Switzerland, Denmark, the U.S., the U.K., and Australia. There is no doubt that w

Finance committee  I have no opinion about the compensation paid to the executives of the Canada Pension Plan Investment Board. That decision is made by the board of directors. Clearly, as for performance, in order to support the Canada Pension Plan in the long term... In the most recent actuarial

Finance committee  Thank you for your question. The situation described by Mr. Gagné and Mr. Auclair is very unfortunate. It is true that when there is a drop in private pension income, the government provides compensation. For every drop of one dollar, 50¢ is paid by the Guaranteed Income Supplem

Finance committee  Mr. Chair, distinguished members of the committee, good morning. Thank you for the opportunity to appear before you today to discuss Canada's social security system and how it is faring in the face of today's economic turmoil. The primary role of the OCA is to provide actuarial