Yes, many things can be proposed.
As Ms. Tassé-Goodman said in her remarks, provisions could be added to Bill C‑319 on the method of indexing old age security, among other things. That pension is indexed to the consumer price index, or CPI, while wage growth is about an additional percentage point above that index.
Simply put, the old age security pension currently replaces about 15% of the average wage. However, because of the method of indexing this pension, the replacement rate decreases over time. Therefore, in 10, 15, 20 years, the amount of the old age security pension would represent a smaller percentage of the average salary.
This is problematic because old age security is the first pillar of retirement. It represents the universal plan, which is supplemented by the Canada pension plan or the Quebec pension plan and personal savings. Since that is the foundation, it has to be solid.