Mr. Speaker, provincial governments are considering establishing parallel programs for the Canada pension plan because of its current inadequacies. The CPP is the least expensive and safest retirement savings plan available to Canadians. Unfortunately, it limits the contributions that individuals can make and offers a maximum $11,000 a year in retirement benefits. It is simply not meeting the needs of hard-working Canadians who are concerned about surviving their retirement.
Will the government take the lead and work with its provincial counterparts to make it the reliable and affordable savings plan that the CPP ought to be?