Thank you very much, Minister, for joining us today.
Today I'm going to ask you to take off your ministerial hat and put on your economist's hat, because I have had the opportunity to watch you speak as an economist and I know what a great job you do in that.
I want to start with the old age security. You indicated why you had gone into politics and had done a study on old age security. It was because of the change from in the age of eligibility from 65 to 67, and then the reduction back down to 65.
A variety of other countries, such as the U.S., the Netherlands, Germany, and Belgium, have adopted the policy of increasing the age to 67. I want you to speculate, if you don't mind, because we recognize that the workforce will be changing drastically in the next 15 to 18 years, with the ratio of the number of workers to seniors decreasing quite a bit.
Do you believe it is necessary for the government in turn to study the changes to old age security in the future? Do you think that might be a necessary step in the future as our demographics change?