In the book, which I co-wrote with a colleague, we identify the fact that with an aging population we will have demographic challenges. We identify the fact that some Canadians will be able to work longer and that some Canadians won't be able to work longer, which is a function of the different jobs Canadians have.
The approach taken to changing the old age security by the previous government, in my estimation, was arbitrary. It was a decision made without consultation to move the age of retirement from 65 up to 67 and it jeopardized the retirement possibilities for many Canadians who would have been relying on old age security. It did it in a way that did not have any sort of consultation or any sort of process that would have led them to conclude that this was about to happen.
We don't like that approach. We moved that back to 65 because we don't want to do something in that way.
We recognize that the old age security system, for lower-income Canadians in particular, is an important pillar of the retirement system. We are of the view that this is going to help a significant number of Canadians who can't work past 65 because they are in jobs that don't allow them to do that. Other Canadians will be able to work past that, and this is something we should consider.