Finance committee  I would just add that it's not just research within the federal government. When you take academia into account, a great deal of research has been done on pension reform in Canada in the last three years.

Finance committee  The International Centre for Pension Management is based in Toronto. We see everything from around the world. We're not short on information and knowledge. It's about how we put the pieces together—or don't.

Finance committee  Well, if you're not Dutch, you're doing as well as you can.

Finance committee  Thank you. I was made aware yesterday afternoon that I had to be here this morning, so you'll be relieved to know that I don't have any prepared notes.

Finance committee  A French philosopher about 150 years ago said that demography was destiny. Every once in a while that turns into reality, as will be the case as we start this next 20- to 30-year period. The way to think about this is that we currently have four workers per retiree in Canada toda

Finance committee  There are no magic bullets here. My plan is for young people and the future. It does nothing for the pensioners of Nortel.

Finance committee  The proposal, with respect to the Canada supplementary pension plan, has a long horizon. It's a vision. Once we press the start button, it will take many years for it to mature over time. So we need to distinguish between that proposal and where we are today. And where we are tod

Finance committee  I agree with Mr. Raymond, actually. It's not that the CPP Investment Board isn't customer friendly, but they only have one customer. Once you start dealing with millions of individual Canadians, you need a very different communication model, for example. You need to do a number o

Finance committee  Yes, you would have the scale anyway.

Finance committee  We've done some research on this question of governance and the impact of governance on results, and there is in fact a statistically significant relationship. What you find is that when you put together a board, it needs to have a public service attitude and dimension, but it al

Finance committee  “Transparency” is an overused word, but the cost-effectiveness of delivery is tremendously important. Our research shows that between it being done well and being done poorly could be as much as 2% per year in terms of differential. Over a 40-year period, that basically means it

Finance committee  My proposal is described in 16 pages. You're asking a question that would be on page 17. Clearly, there are a lot of specifics that would need to be put in place in order to press the go button on this. In my proposal, what I suggest is that the contributions start above $30,00

Finance committee  Here's my answer, and Monsieur Ménard may want to add to this. I have a serious problem with those people who say, why don't we just double the CPP and forget all this other stuff? So we move the contribution rate from basically 10% to 20% and drive on. That's a hugely complex is

Finance committee  If you go to a mandatory approach and if you have a target of doubling the CPP, then it has to get paid for. So if you want to call it a payroll tax, that's fine.

Finance committee  But my problem is the wealth transfer aspect. If you increase--double--the system, it doesn't stabilize for a long time, and on the way through the young are subsidizing the old, and I don't think that's fair.