Mr. Speaker, I thank the Minister of State for Finance for his speech today. It is an indication of the seriousness the government takes on the pension programs when we create a minister of state to deal with those pension items. Never before in Canadian history have we had a minister of state specifically looking at what the issues are when it comes to pensions and helping seniors in our communities.
I also thank the minister for pointing out that any changes to CPP require provincial agreement. We can talk in this House all we want about changes to CPP but if the provinces are not on board, nothing will happen.
In talking about the PRPP, lower costs for Canadians and cost effectiveness, could the minister tell us how he believes this new pension plan would be a low cost solution for retiring seniors?