Thank you for your question. I'll try to address it. You're covering a number of points here.
The position of the Canadian Institute of Actuaries is that we need to encourage Canadians to save more for retirement, and in the package that has been distributed we have a number of options that are being analyzed, including an expansion of the CPP. We have provided through this paper the pros and the cons of this option.
Here are a couple of comments related to what you've seen. I think we need legislation in this country that is neutral in terms of whether or not an employer is encouraged to offer a defined benefit or a defined contribution plan, and this is not the case now. The legislation is very complex and frankly discourages employers from maintaining a defined benefit plan.
I want to say, concerning the expansion of the CPP, that it certainly is an option in terms of efficiency, but I would encourage you to look at an option that does not transfer additional burden to the younger generation and doesn't unduly encourage people to save, in the sense that there are in the population people who should not save. The advice we give to many individuals is that if you're young, have a mortgage, and have kids, the priority should be to repay the mortgage and take care of your kids. It is possible to defer saving to a later date.