If the CLC proposal were implemented January 1, 2010, contributions would be increased immediately or over a period of five to seven years, but the benefits would not be increased immediately. Already retired persons would get nothing, and someone who would reach age 60 in 2010 and start to receive CPP benefits in 2015 would get just five-fiftieths of the increased benefit, because that person would have paid in for just five years rather than 45 years.
That's what full funding is, and this cannot be escaped, because it's a new requirement of the CPP. So intergenerational equity would be preserved, that's for sure, just because it's a requirement of the CPP.