[Senator Clay Davis]

CPP is solvent for a fairly long time into the future (currently managing over $150 billion in assets, up from around $50billion in 2003) because our government can sometimes be wise enough to be forward thinking. In the mid-90's it was projected CPP would be broke by 2015, but instead they consulted with provinces and citizens on how to best keep the plan funded. Essentially they adopted policies to strengthen the plan (increased employer contributions, cost cuts etc), so CPP is actually very strong right now. Obviously there's always ways to improve, so we always have to look at those. In fact I'm not entirely sure we've had a full review since the mid-90s.