Finance committee  Yes, thank you. A universal pension plan that is an increase in the CPP, as one example, and is fully paid out, in the current state of affairs, to get people 70% of their pre-retirement income if we cover a higher percentage of the income, would cost somewhere in the neighbourhood of 19% for both--that is, 9% and 10% for employer and employee.

Finance committee  Thank you very much. Our acronym is the legal name for the Canadian Association of Retired Persons, but we now use the name CARP because we act for people who are retired as well as those who would like to retire—and in this climate that's going to be a major challenge. We're a national non-profit, non-partisan organization with 330,000 members across the country and 23 chapters.