We have argued, and we still argue, that the whole issue has to be discussed.The age of entry into the workforce is changing. The nature of work is changing. When we bargained for our first pension in the plant I worked in, you probably couldn't work there past age 58, because the work was too difficult. The nature of that is changing. The assumptions on which we based our original pension plans are changing.
We need to have a discussion about it, as we said, in a holistic way. We would argue the most important thing that we could do is to sit down with all of the experts and talk about the whole system. It has significantly changed since we designed what we would commonly refer to as pensions, the age of retirement, and the duration of work.
My son is entering the workforce with a law degree this year. He's 33 years old. He won't have enough pension credits unless he makes a significant contribution by age 65.
We have to talk about it. At this point in time, we think there are more urgent needs, but we agree there has to be debate and dialogue.