Mr. Speaker, I would like to go back to something that the member opposite touched on when he spoke about the shared responsibility of employees, employers and the government, and the viability of the PRPP system being proposed by the Conservatives.
We find this system to be completely disconnected from reality for a number of reasons, mainly because the risks would be borne only by employees. They are being offered a plan that would produce results based on the market. We hope that the investment income will grow. However, we know that Australia introduced this type of plan and realized, 12 years later, that the plan was completely ineffective because management fees were too high and inflation was almost as great as income. This plan does not provide any guarantee that investments will grow in the end.
If all the risks are borne by employees, what responsibility will the government and employers have?