Indeed, the Quebec Pension Plan and the Canada Pension Plan are two separate systems, except that, in general, they try to coordinate themselves and contain the same provisions.
Bill C-51 contains a major cut. There were four measures in this bill. However, the measure that concerns us is the one that seeks to increase the actuarial adjustment from 6% per year to 7.2% per year for people who retire before age 65.
Quebec made a similar proposal in its consultation document this summer, and we suspect that the province intends to do the same thing with the Quebec Pension Plan. It should be recalled that any amendment to the CPP must be adopted by the parliaments of two-thirds of the provinces representing two-thirds of the population.
We hope that there will be a bit more discussion than what has taken place to date. We are convinced that these measures will affect women more than men. I have not yet had the time to conduct the same type of analysis on the CPP as the one I did on the QPP, because I am having a great deal of difficulty finding the right figures. But I will forward them to Ms. Cool.