Mr. Speaker, my point was that being forced to contribute to a pooled pension plan, which is risky and would have no defined pension at the end of it, is the problem. When people contribute to the Canada pension plan, they have a defined benefit and the risks are shared out over society.
I have nothing against the stock market except when the risks are borne by individuals who do not have an adequate income to begin with. Then it is not a good solution for saving for their retirement.
The thing that works is just the thing the member is actually suggesting in the pooled plan. When people pool their resources into a larger plan then it spreads the risk. That is why the CPP is a better way to save for retirement than leaving the risk with individuals or very small pooled plans.