Mr. Speaker, it is very easy to understand. Canada's pooled registered pension plan is simply one of many retirement products, including RRSPs, group RRSPs, pension plans and TFSAs, which may be good options for those who are already able to contribute. The new plan, therefore, is a good option for those who already have money to invest in RRSPs. However, the NDP will not support this savings plan because the Conservatives want to offer this system instead of taking concrete measures to protect existing pensions and enhance the retirement security of those who do not have a workplace pension plan.
In the House of Commons on January 31st, 2012. See this statement in context.