To step back, if you look at the retirement system in total, there are a number of pillars. We think of it as a multi-pillared approach. We have pillar one, which is the OAS and GIS, and we know that is designed to provide income support largely to lower-income families over age 65. The second pillar, CPP, is designed to provide a replacement of some level of income for those in the lower- and middle-income levels.
Pillar three, the private sector part, is really a complement. It adds on to pillars one and two. It is designed for those who will have to save and who want to make sure that when they retire they are able to maintain the standard of living they want. All of that is delivered through the private sector. It's done in a competitive framework. It's done individually. It's done collectively through employers.
Again, to the point about the PRPP, for those who don't have access to an employer-sponsored pension plan, the PRPP now provides such an opportunity. It's our sense that the private sector delivers third-pillar savings in a fairly efficient and effective manner, and we see the PRPP as a continuation of that.