Mr. Speaker, I think there is a situation that people must understand. When I said that one could retire later on, I think there should be no mandatory age of retirement. However, if people want to retire at 65, that would be the age upon which they could access their CPP. They would receive their full CPP if they simply chose to retire at 65 and they would access all of what they were entitled to.
However, if people wanted to continue to work, the incentive for them to work would be that they would receive 50% of their CPP at 65 and it would increase as time passed year by year, receiving full CPP at the age of 70 if they were to continue to work, and there is no reason on earth why they cannot.
What we need to realize about this demographic time bomb is that if nothing is done we not only have a shrinking workforce, but we also have increasing demands on our social programs.
Many good people in this country have done some great work, including those at Simon Fraser University and in the House, such as my hon. colleague. All of us would be willing to help the government to deal with this issue that is most pressing.