I think the ask would be to look at the overall economic impact on a group of people who have now lost the ability to in any way change the trajectory of their income. They have retired. They can't add to their savings any longer. They are drawing on their savings.
This is not the finance committee, but I don't know what markets are going to look like in a year from now. They might completely recover. You've heard this: Is it a V-, U- or L-shaped recovery? Those provide very different outcomes and degree of impact.
Making sure that people don't make rash decisions right now is important, and look at measures that allow people to not have to cash in, if they aren't required to, because markets are exceptionally low. Also, allowing for some capacity of capital withdrawals to shore up some expenses during this time might also be helpful. I think there's another side to this, and we'll see what it looks like and where we're at when the markets settle.