Merci.
In that regard, every country comes to a different position as to how much they should replace after a person retires. The standard around the world is that about 70% of pre-retirement earnings should be enough to live on in post-retirement. Canada's public pension system itself covers off about 40% and private pensions, RRSPs, and other elements of our system cover off the remaining 30%.
What people find interesting about our system is how much we spend on low income. The guaranteed income supplement, which was mentioned, is not a feature found in many other countries. Canada has made a decision in the design of its system to include this benefit, which is up to $7 billion right now in benefits paid to low-income seniors, which is not a feature found in many other countries.