Again, we are so proud of the fact that we were able to collaborate with provinces to get to an answer that's going to improve people's retirement incomes. We're also very cognizant of the fact that it's important to do this in a way that allows our economy to continue to thrive, and that is exactly why we put in an approach to this program that allows businesses and individuals to adjust over a period of time.
I'll remind you that it starts in 2019. In 2019, the amount that a company will be putting aside for an employee on a monthly basis is $6. We know that money is going into that employee's savings. We also know that it will end up giving that same employee $4,000 more in retirement income over the long run.
We believe this is the responsible thing for us to do. We know that the timing over nine years will entirely enable individuals and companies to adjust, and the outcome we'll get is hundreds of thousands of Canadians able to retire in dignity because they have a more secure situation than they had previously.