Finance committee  We've conducted rudimentary analysis on it, and Professor Mintz's comments are in large part correct. There are nominal advantages on the market, but I would contend that they don't necessarily provide for the additional risk. So I would qualify Mr. Mintz's conclusion.

Finance committee  Because I see them as very different instruments funded by very different contingencies. Private plans are struck between employers and bargaining units, and they're part of a collective agreement, very typically. They're brokered by very specific people, whereas the CPP program-

Finance committee  I would suggest that I don't have the expertise to give you a revealing answer on that. All I can share with you is that in our discussions with people, with employers, and with sponsors, there is a concern that we're not going to help those who most need the help. In other words

Finance committee  I may have lost the thread, but in terms of what these numbers will look like going forward a year and what we've talked about here today, there's no reason to believe they're going to improve a lot. In fact, they have to worsen. If we're talking about CPP, I think that opportu

Finance committee  We have in fact conducted three surveys over the last three years with Canadians from across the country and in fact have learned identical findings to those of Mr. Mintz. In fact, we've identified those earning under $35,000 as being literally incapable of taking advantage of ce

Finance committee  It is hard to go back in time. We prefer to look ahead. I think that the greatest risk today is that a growing number of employers will back away from defined benefit plans. If we do not do anything, one day there will no such plans left.

Finance committee  Of course, there is always a risk of going too far. However, if we decide on 125%, that would be a good, solid increase. If we apply a rate of 125%, it is because we want to protect existing members. There is always nervousness when a new trust comes along to protect groups of e

Finance committee  Good afternoon. Before I get started, I will just make sure that you have received some papers we had deposited, three tables in particular, to be circulated. I will be referring to them. Thank you. Good afternoon, and thank you for granting the Certified General Accountants

Bill C-2 (39th Parliament, 1st Session) committee  I hate to start with a disclaimer, but I guess it could be expected in the sense that there is a lot of political science and environmental factors to be considered here, and I won't profess to be an expert on those. But I think the way this has to be approached—and I think Mr. M

Bill C-2 (39th Parliament, 1st Session) committee  I'll try to answer the first part of that question. It goes back I think to the original question as well. What we felt very attractive about this bill is not only that the institution of the Comptroller General's office has been brought back, but if we look at the bill we see