Thank you all very much for coming today and presenting to us.
I'm a data guy. To me, numbers are critical. Between testimony we've heard today and testimony we heard at the previous meeting, take your pick: seniors are doing better, or seniors are not doing better.
We have the National Association of Federal Retirees, most of whose members, I imagine, have pensions. I've run into many people in my riding who actually don't have any pension whatsoever. When we look at these numbers from StatsCan, presented by Mr. Beach, they show 14.3% in 2015. In looking at that statistic, one could say that 85% of Canadians are good to go for retirement, but that's not an accurate statement and that's the thing that's really bothering me right now.
I want to jump to Bonnie-Jeanne MacDonald. You talk about your living standard replacement rate. This is a study you've put together. Could you give us a sense of what that is and how it might play into getting us better numbers?