Thank you.
My next question or comment would be for perhaps Ms. Eng and Mr. Kelly, because I think we have a bit of a difference of opinion.
First of all, it's of course very important to recognize that all of the provinces had consensus on PRPPs. We don't have consensus, of course, in terms of moving forward with CPP options. It doesn't mean that it's not going to happen down the road. To some degree, I think this legislation is focused on PRPPs and not the other options, but I did want to acknowledge the letter to the finance minister that CARP did, where you did propose an increase in the CPP, and your letter had calculations to expand the CPP by 10%. It would raise the contribution rates from 4.95% to 6.05%, etc.
CFIB's response was that for every 1% increase in CPP premiums beyond the 9.9% rate, it would cost 220,000 person-years of employment, and wages would go down roughly 2.5% in the long term. CARP is saying it's not going to be a job killer, but CFIB is very concerned.
I'd like to give you both a chance to maybe have some quick statements. We have to listen to the business community, who have really been struggling in the last few years in terms of moving forward. Whenever there's a marginal increase in EI premiums, we certainly hear about it in terms of the negative impacts.
I guess I'll open it up at this point for conversation.