Mr. Speaker, if we do not know what the end result will be, how can anyone take advantage of it. That is what I am worried about.
Here is a new plan where companies do not have to invest in it. Employees will invest. It is in the hands of the financial institutions with no guarantee at all of what they will get.
People work hard. They have a view of what they will do when they retire and then all of a sudden they are there. Now when the workers get to their retirement, they could find out there is no pension.
This bill will not protect a pension plan for the working men and women of our country. That is why I say it is wrong. That is why we have to go with a program like the Canada pension plan, then the workers will know what money they will get when they retire.