Mr. Speaker, I would like to get back to Bill C-51. With regard to the CPP amendments, the bill offers greater flexibility and choice for people approaching retirement years. It would reduce incentives for early retirement and increase incentives to stay longer in the workforce. It would improve the averaging formula and would boost pensions below the maximum. There are also voluntary contributions for post-65 claimants allowed for secure pension enhancement to age 70.
There are some flaws to this. It does not amount to a significant increase in security for seniors. More important, at least 30% of Canadians are still without retirement savings.
I know the government is doing a study into the whole pension issue. Could the member enlighten us as to the future plans for pension improvement?