Mr. Chair, in the C.D. Howe report on pooled registered pension plans, as of June 2012, it refers to the PRPPs of Bill C-25, which contained, of course, the regulatory framework for pooled registered pension plans. It also included a new kind of retirement savings vehicle, described by the government at the time as an effective and appropriate way to help bridge existing gaps in the retirement system.
According to the report of a federal-provincial research working group on retirement income—