Thank you very much, all of you, for coming to our committee meeting.
I have a couple of questions.
First of all, to the CSN, you probably heard that the Canadian Labour Congress has proposed a phased-in doubling of the proportion of average earnings replaced by CPP from 25% to 50% over seven to ten years. In fact, one of the presenters mentioned that number as well. This is to be financed by a modest increase in worker and employer premiums.
Do you know what the evaluated cost of this proposal would be to employers and employees? Does anyone have any idea? The Canadian Labour Congress has proposed that we should actually double the CPP from 25% to 50%. That means there will be an increase in the workers' as well as the employers' premiums. I want to know if anybody has any idea of the cost of this proposal.