The financial turmoil of the last six months has emphasized both the importance of our task and the urgency of a response. [...] The Pension Review Panel’s Terms of Reference enumerated the following key objectives for the review: (1) To recognize current legislative standards and review improvements that will allow pensions to work for both employers and employees; (2) To enhance the affordability and availability of Defined Contribution and Defined Benefit pension plans for employers and employees; (3). [...] Again, the Panel invited some of the stakeholders to meet with the Panel to further discuss the tentative recommendations and the stakeholders’ reactions to them. [...] While the original Terms of Reference of the Panel indicated that the Final Report would be released in late 2008, the decision to issue the Interim Position Paper pushed back the release of the final Report to January 2009. [...] The sponsor makes the promise to the members and hopes that the contributions will be sufficient.