Some places have defined benefit pension plans, but others do not. Sixty per cent of workers do not have a pension plan. The majority of those who do, have integrated plans. So, if we enhance the public plans, pressure on the private plans will be reduced. In a way, it would be a transfer of contributions. And people who have no pension plan would have access to a more decent pension income—$22,000 rather than $11,000, which is the current amount.
On April 22nd, 2010. See this statement in context.