The trouble is the fact that they're living longer. That penalty is going to be significant the older you are, because that's going to last for the rest of your life. Therefore, our concern is that people who become unemployed at 60 are not going to be employed in the labour market. There's huge discrimination. By having that penalty, they will live with an even lower income than what we talked about initially, the $1,169 per month that is the current OAS and GIS, with a marginal CPP.
On November 24th, 2009. See this statement in context.