Mr. Speaker, I appreciate that but the retirees cannot afford the endless delays and the dithering on this. There is action that could be taken right now.
With so many private pension plans in crisis and people's RRSPs taking big hits, Canadians are relying more and more on the public pillars of our pension system. We have an opportunity to fix that.
The maximum annual benefit right now that Canadians can receive from CPP-QPP is only $11,000. We can gradually and responsibly double that figure by allowing Canadians and their employers to increase their contributions to the amount they save for retirement through these instruments.
Will the government allow them to do so?