Thank you, Mr. Chairman.
I would like to welcome all our witnesses. I see this as an historic moment. We are turning an important page in our history. We are aware that there are major problems with respect to pensions and that they have a very serious impact on our society.
By way of response to my Liberal colleague,I would just like to mention that the House of Commons Standing Committee on the Status of Women passed a report. That report, which was tabled in the House of Commons last December, states that the Canada Pension Plan replacement rate should be doubled. A majority of members from all parties voted in favour of that proposal. I imagine that this will be on top of retirement savings plans.
My question is addressed to Serge Cadieux.
You talk about the need to find a new way, to show vision. You have presented some important ideas. Has any thought been given to the costs of these proposals? How should we approach this? In the current population, who has a real pension plan and who does not? Under your model, who would be covered and how?