Thank you, Ms. Figueiredo.
Ms. Bastien, you and Mr. St-Germain were talking about encouraging DB plans to terminate. That might be one of the consequences of this bill. In fact, there's been much talk about the demise of DB plans, or changes or alternatives to them.
Let me just throw this out to you as a suggestion. We have a good model in Canada. We have the best pension plan in this country, and that is CPP. It's well funded. It's huge. Even in the last recession, it took a blip, but not the bump that RRSP-holders suffered.
The added bonus with CPP is that it's run by a not-for-profit board. It's a well-run organization. Maybe the best thing is that, unlike EI, the government of the day can't get its hands on it. That's an important point to remember.
What if DB plans wind down or terminate, and part of the negotiating procedure with employees and employers becomes “Let's make our DB plan a CPP plan”? I'm thinking five, ten years down the road.
Your thoughts, please.