Madam Speaker, while we have pension challenges in Canada, we do not have a crisis. A study was undertaken for the federal Department of Finance in 2009 by the head of the social policy division of the Organisation for Economic Co-operation and Development. The finding was that Canada does not face major challenges of financial sustainability with its pension schemes. The study projected that spending on public pensions will increase from the current level of 4.5% to 6.2% by 2060. In comparison, 27 European Union nations were spending 9% in 2009.
Does the hon. member think that people should be able to expect that the rules under which they made their retirement plans will still be in place when they retire?