Mr. Speaker, my distinguished colleague is talking about a plan that will guarantee pensions, but what is the point of a pension plan when we do not know how much money it will generate? That is a major problem.
People know exactly how much they will have to pay every month, but the amount they will get out of the plan after 30 or 40 years remains a complete mystery since the employer will choose who administers the plan and the level of risk of the investment. Employees may have to invest in a high-risk plan without having any say in the matter.
Is that what the government calls planning for retirement? Is that what the government calls planning a pension income?