Thank you, Mr. Chisholm, for your question.
I take exception to your term “holdout”. There were certain provinces that said they would like us to continue looking at the option of CPP, but there was unanimous support for the framework for the pooled registered pension plan. There was no holdout. You can go back and read the press releases when both of those meetings broke up. That signalled to us that there was enough support to develop a framework, so we set to work doing that. What we have here is exactly what you said: it's choice.
You talked about the number of people you've spoken to who haven't saved enough. I go back to what our analysis showed us: 60% of people in the workforce in Canada right now don't have access to any workplace pension plan at all. It wouldn't have been very prudent of either a federal, provincial, or territorial government to set aside an option for 60% of the workforce in Canada. That's why we're pursuing this. We think we've developed a viable option that is just that. We're not going to force people to use it.