The argument about generational equity or intergenerational equity is a familiar one. It was put forward when the reforms to the CPP were made at the end of the 1990s. The point was made that intergenerational cross-subsidization doesn't happen only in pension plans but throughout society. For example, the older generation pays for the education of the younger generation through their taxes, and they are still doing that.
On November 19th, 2009. See this statement in context.