Thank you.
The one thing I think we have to remember around this table is that the amount each individual is being asked to contribute, both employer and employee, is a very modest amount. The reason it can be modest is that everybody has to do it. The workforce is 17 million people. When you have contributions from nearly all of them, you can afford to increase the ultimate retirement benefit, and that's why it needs to be done.
We have to make clear that the amount per person is very small. The amount per employer is still modest in relation to the benefit. When we look at what we're trying to do here, it's to be part of a large, well-managed fund. It doesn't replace every other thing you might still have to do, but the CPP and its maturing since 1966 actually lifted an entire generation of seniors out of poverty and directly replaced taxpayer dollars that had to be spent on GIS; there was an exact match.
That work is done now, and in order to prevent further poverty, this enhancement has to take place.