Mr. Speaker, the question I have for my colleague has to do with the pension provisions that we saw in the budget and now we see in this omnibus bill.
There is great praise or great effort made by this omnibus bill to put in place the pooled registered pension plan. Unfortunately, it is not indexed and is not fully transferrable. It depends on the markets. It is invested in stocks, and we know what happened in 2008 to RRSPs. There also is no requirement by employers to contribute.
Would the hon. member not agree with the rest of this side of the House that improvements to the Canada pension plan and QPP would be far more helpful in terms of retirement security for Canadians?