Mr. Speaker, on the Canada pension plan, the hon. member will probably know that it was enacted in 1966 so that those people who came through the depression without a working career and unable to provide for retirement, as Canadians do today, would immediately get benefits. Today's workers pay for the pensioners because the pension was always in arrears. The deficit and the unfunded liability were not because of mismanagement. They were because we took care of people who did not have anything for their retirements.
Today's retirees get $8 out for every $1 they put in. To sustain that level of equality of pension plan for all Canadians, changes were necessary. This is exactly what the provinces, together with the federal government, came out with after consulting with all Canadians.
With every dollar that goes in, taxpayers will get it out and more when they retire. Her analysis—