Mr. Speaker, I have a question for the Minister of Human Resources Development.
Last week, in response to a question on the future viability of the Canada Pension Plan, the minister stated: "It is certainly actuarially sound and has sufficient contingency funds within it". Yet according to a recent OECD study on public pension plans we in Canada would have to dramatically increase contributions or increase the pensionable age by 16 years to age 81 to make our plan actuarially sound.
Could the minister explain the huge discrepancy between his statement and the OECD report?