Mr. Speaker, it is an interesting proposal put forward with respect to raising personal contributions that would allow for an expansion of the CPP.
I understand the concern that is being raised with respect to the privatization and the erosion of the pension regime through privatization, but there is an interesting approach that has been suggested. That is to look at the large pension funds and recognize that the problem is underfunding.
Rather than going to the participants for an expansion of the CPP, it has been suggested that the large pension funds, like OMERS and teachers, be folded in with respect to a larger base to then drive a more equitable and expanded CPP.
Would the member give us an idea of whether that would be a plausible approach, looking at those very large pension funds and seeing if they could be used, rather than tax individuals--