I think Canadians are aware that 11 million people have no workplace pension in this country. They are aware of the dire straits, if we don't fix the system, that their conditions will be in when they retire. They understand that, yes, it will cost them a little bit more to pay for their pension, but they know, at the end of the day, they will get a benefit, not a gamble that, if I put money into my RRSP, maybe the returns will be there.
One thing about the Canada pension plan is that it actually pays a benefit indexed to inflation, and workers appreciate the fact that it is low for the majority of Canadians who retire with the Canada pension benefit; it's very low. They understood that, yes, they will have to pay a little bit more, but for that little bit more, they would get a better benefit when they retire at the end of the day. Of course, it's true, your argument that it's going to cost. It's going to cost employers a bit.
What's the other side of the argument? The other side of the argument is, let's subsidize everybody who we can't allow to have a better pension because that's the only way we can do it. The Canada pension plan for the 11 million Canadians who don't have a workplace pension is the one retirement income they can say for certainty they will get when they get to retirement. If they're fortunate enough to have other assets or other savings, so be it.
I can tell you without a doubt that they recognize it will cost a bit more, and they're prepared to pay that little bit more because they know, at the end of the day, they will get a benefit. Every benefit that is promised by the Canada pension plan has been paid to Canadians throughout this country.