I think this would give people a great deal of flexibility. The future is unknown. We've learned that, both at the societal level and the individual level. It would allow people to access their account when they need it for what they need.
The problem is that these accounts need to also be funded at some base level for everybody. I suggest that, in that case, just as we have in our pension system a floor below which we don't let the elderly fall with the OAS and GIS, there should be a flat government contribution to these accounts that is funded through the consolidated revenue fund. Then people build up these accounts with their own earnings, just as they build up their CPP benefits through their earnings. Then, finally, if they have any savings, they can self-insure.