Mr. Speaker, I want to thank the hon. member for his questions and I want to welcome him back to the House of Commons. I am quite pleased at his interest in our proposal for this pension plan.
When we talk about low cost it is important to remember one thing: when businesses can co-operate on pooling their purchasing power to reduce costs, it helps them to offer such a pension to all those who want to take advantage of the low cost. This purchasing power will help us tremendously in every province and territory, thanks to the program we are proposing today.
As far as the administrative costs the hon. member referred to are concerned, when provincial and territorial representatives spoke with our Minister of Finance, they strongly believed that the administrative costs would be quite low as a result of co-operation between the provinces and territories and the administrators. Purchasing power is a reason for that, as well.
I would like to reiterate that, through automatic enrollment, the people who will collect this pension will certainly be receiving benefits and advantages.