Absolutely. This bill does provide for PRPPs to be subject to pension splitting as well. That's one concern.
We are concerned about pension splitting and the adverse effects of that on low- and medium-income families in terms of where you're putting your tax expenditure dollars. As you say, if you want to make a simple pension plan that employers can offer that's portable between jobs, that's efficient in terms of getting more out of every dollar in CPP. Defined benefit pensions are more efficient to run, and the larger they are.... The CPP is already separate so government can't get their hands on that money and take it. That is controlled in a way that benefits the people who pay into it.