Mr. Speaker, it has none of the attributes that the government insists it has.
It is voluntary for the employer to contribute. The employee may very well decide to make a contribution that the employer decides upon. The employer sets the amount of that contribution and the employer himself or herself may simply refuse to contribute. In addition, it is placed in the stock market. We know that in the last few years seniors have taken a beating in the stock market. Their retirement security has been much diminished. There is no indexing. There is no guarantee. There are management fees.
This is just another group RRSP. It has none of the benefits of the Canada pension plan.