moved for leave to introduce Bill C-299, an act to amend the Canada pension plan (increased contributions and pension).
Madam Speaker, I have the pleasure to table a private member's bill which aims to improve the Canada pension plan.
The amendments to the Canada pension plan which I am proposing will cause the plan to grow significantly in contributions and benefits. The expanded plan will eventually result in a more adequate retirement pension for all Canadians and will reduce the need for private pensions and retirement savings plans.
The Canada pension plan would then provide an adequate and fully portable pension for all Canadians.
I hope that all members will support this initiative.
(Motions deemed adopted, bill read the first time and printed.)