We agree. Thank you very much.
Mr. Chair, I welcome all the witnesses. I thank them for being here and for the very useful amount of information they are giving us. Unfortunately, time being limited, I will not be able to ask them all the questions I would have liked.
I will start with questions for Réseau FADOQ. Ms. Tassé‑Goodman, you just reminded us that seniors living with an annual income of $22,000 find themselves below the poverty line. In 1970, the Old Age Security pension represented 20% of the average industrial wage. Today, it represents only 12%. One after the other, governments stopped pegging the pension to the level it should have been indexed. Furthermore, the economics reporter, Gérald Fillion, reminded us some time ago that Canada is at the back of the pack among industrialized countries in terms of rate of income replacement, meaning the relationship between income when one is on the labour market and when one is retired.
What are your comments on the subject?