Finally, I want to make a couple of suggestions, if I could, Mr. Chair.
We suggest that the government look at ending defined benefit pensions for government employees and replace them with defined contribution plans. We would suggest that those plans would be matched by the employer up to $3,000 per year, as that would more accurately reflect what a private sector worker can get. We also suggest that the government take the CPP, OAS, GIS, and QPP and make one simple-to-understand pension program. In doing that—and this is the last comment I'll make, Mr. Chair—we would suggest it use income testing to decide who actually needs this retirement income. If we do income testing with these particular government retirement programs, we can actually help the people who really need it. Our work shows we could increase the average retirement income to $25,000 per year without having to increase contributions.
With that, I thank the committee and look forward to any questions you might have. Thank you.