Thank you, Mr. Speaker. I move, seconded by the honourable Member for Hay River, that Bill 24, Community Employees' Benefits Act, be read for the second time. Mr. Speaker, this bill repeals and replaces the Municipal Employees' Benefits Act and continues the municipal employees benefits program board as the community employees benefits program board under the new act. The board is a corporation charged with the responsibility for administering pension and other benefit plans on behalf of the employees of employers that participate in the plans. A range of employers that perform public government functions are eligible to apply to participate in benefit plans administered by the board, including municipal and settlement corporations, public agencies, housing associations and authorities, treaty and land claim organizations, and Indian bands and organizations established to implement the division of the territories. The board must establish trust funds for the benefit of employees participating in benefit plans and must deposit contributions from employers and employees in the trust funds. In the event of the failure of an employer to pay contributions or to fulfil its obligations under the act and the regulations, the board can suspend or terminate the employer's participation in a benefit plan. The board is required to prepare an annual report each year, which includes financial statements and an auditor's report and, every three years, the board must have an actuarial evaluation to determine if the trust funds are fully funded. If the trust funds are not fully funded, the board must prepare a financial plan outlining how it proposed to return the trust funds to a position where they are fully funded. Thank you, Mr. Speaker.