Human Resources committee  Yes. To become law, any material changes to the Canada Pension Plan require the consent of two-thirds of the provinces and two-thirds of the population. The two changes--not all of them, not the housekeeping and the others, but the two first changes that were described, the full

Human Resources committee  Yes.

Human Resources committee  In the actuarial report prepared by the chief actuary, there is a sensitivity analysis. It shows the extent to which the contribution rate would vary if certain assumptions were different from the basic assumptions that were used. If fertility were lower than expected, if life ex

Human Resources committee  I'll answer the last two, and perhaps Susan will answer the first one on retroactivity. Coming back to your question about the period over which we calculated the contribution rate, technically we need 60 years to calculate the steady contribution rate you need to make sure the

Human Resources committee  Yes, that issue was raised in May in Budget 2006. If there is a surplus in the government's budget, a proposal could be to have some of that money go into the CPP and QPP. That was raised with the provinces. Some provinces expressed some concerns about that, one of the main conce

Human Resources committee  Thank you, Mr. Chairman. The chart shows, if you look at the vertical axis, the incidence of low income. You will see that Canada is below 2%. The lower you are on that scale means that of course you are doing very well in terms of having a system that protects low-income senio

Human Resources committee  I'll respond to the first question. In fact I have some charts here. I am trying to illustrate in a single chart how we're doing relative to the other countries using two factors. One, what is the incidence of low income among seniors? In other words, to what extent do you have a

Human Resources committee  Last year, when the new premium rate-setting process decision was made to leave the EI account more or less without change, no change was made to the provision in the act that says the interest rate can be credited at the discretion of the Minister of Finance. I'm simply saying t

Human Resources committee  I have a few comments. It has been described before. Up to 2006, prior to having the new rate-setting mechanism, in theory the surplus was taken into account in setting the premium rate. But with the new process in place, essentially that past cumulative surplus, which has been