It's about predictability.
To many people, the CPP might not be enough. They look at their OAS and, if applicable, GIS. If they get their CPP, that might not be enough to sustain their lifestyle.
We know, for example, that for the younger generation now, home ownership is lower than before. A lot of the time people expect that when they retire and their mortgage is paid off.... They still have to pay rent, utilities and property taxes, but they don't have to worry about mortgage payments after they retire, because their 25- or 30-year mortgage has been fully paid off.
That's no longer the case for many people now, because they may be renters for life. People may be renters when they're 30 or 35 years old, but now they may be renters when they're 65 or 70 years old, even though they've worked their whole lives.
Their CPP and OAS might not be able to cover rent, which continues to increase. We've seen rents double in the last 11 years under this Liberal government, because of their lacklustre housing and out-of-control immigration policies.
It's about knowing that the CPP is going to be paying the amounts for people to be able to afford to live. Now you have to add rent payments after you retire, which again, many homeowners might not have to deal with—