You're absolutely right.
The importance of the CPP is that it's mandatory, first of all, and that makes it extremely broad-based. It means people don't have the choice of spending all their money. They have enforced savings.
The other important aspect is it allows employers and employees to fully fund their own retirement, rather than waiting for taxpayers to come after the fact, as is being impressed upon us now in some jurisdictions. In some jurisdictions the government has to now take taxpayers' money from people who don't have any pension benefits in order to supplement and protect and retrieve the people who have found that their pensions are at risk. That's really one of the problems we're facing today that would be prevented, we hope, by having a universal mandatory plan going into the future. People could provide for their own retirement, and the mandatory nature means fewer people are going to be left without, contrary to their own best interests. That's why the CPP, over the years, has actually reduced the level of poverty in older Canadians, and that is really the proposal going into the future.