Again, this is not something that I can speak to directly, as pension legislation doesn't set out specific rules with specific types of investments. It sets out a broad framework for the fiduciary duty and puts the onus on the plan administrators to take all factors into consideration that could have an impact on a pension plan's funded status and the benefits of members.
With respect to public pension plans, that is also outside my area of expertise, as I am responsible for federally regulated private sector pensions. All of the large public sector pension plans, when you think of Canada, of the Maple Eight, they are not under the purview of my department. They are largely provincially regulated or, in the case of the CPPIB, a shared jurisdiction, and the Public Service Pension Plan Investment Board is the responsibility of Treasury Board Secretariat.