You're correct. At least 65% of Canadians don't have a pension plan, but taking a pension plan away from the other Canadians isn't going to help those Canadians without a pension plan. This is my first point.
My second point is that the Canada pension plan expansion that we are advocating would solve a lot of these solvency deficiencies that exist because of the market meltdown that started to happen in the United States, and that disease seems to have travelled around the world. Those plans were based on certain market assumptions that no longer exist. That's part of the problem.
We have to revisit our entire pension scheme. If you take a look at the CLC's proposal to expand the Canada pension plan, it would do a heck of a lot to give people who don't have a pension plan a secure pension, a retirement future. It would also take a lot of the burden off pension plans that exist today.
Taking pensions away from existing workers will not help those workers who don't have a pension plan one iota.