CPP is an important pillar of our retirement system. Arguably, it could be strengthened somewhat, but it's a one-size-fits-all. It's an excellent plan that will provide a basic benefit to every Canadian who participates. But there's something special about employer defined benefit pension plans, and that is that they can work in a dynamic and positive way as an element of the compensation offered to the workforce.
On November 23rd, 2010. See this statement in context.