Absolutely. There is a need for any vehicle that gets more people out there saving for their own retirement. As well, after people have saved it and not spent it, their money has to earn enough to keep them in retirement. The CPP does that exceedingly well for a number of reasons, not the least of which is pooling the risk and the investment management expertise.
We have tested our members' response to all of this. In addition to having those as advantages, which the PRPP suggests that it does, the PRPP does not have defined benefits. Recently we questioned our members, and they found that the employer contribution aspect of CPP was much more important than all the rest combined. In that case, once it was made voluntary that once you enrolled there would be an employer contribution, then you would have a saleable option.