Well, the fact that these benefits are indexed, with a certain lag to take into account data gathering, is intended to fully protect recipients from the impact of inflation. I think it does a relatively good job of that because of their nature. It's fully indexed, which is not what every worker gets when they retire. Some pension plans are fully indexed and others are not, but the Canada pension plan, the Quebec pension plan, old age security and the guaranteed income supplement are fully indexed, so they are designed, by their very nature, to protect the purchasing power of seniors who receive these benefits.
On December 7th, 2022. See this statement in context.