Mr. Speaker, in the midst of the presentation by the Parliamentary Secretary for Multiculturalism, he made the statement, “there does not seem to be a need for it”, apparently referring to the need for an increase in the CPP. Right now, only 38.8% of Canadians have access to a workplace pension plan, less than a third have access to a defined benefit plan and only 17.4% of employees in the private sector have such a plan. It seems as well that 5.8 million Canadians are in a position where they are going to experience, according to the CIBC, a 20% decrease in their standard of living upon retirement. Is that not indicative of a need to do something?
In the House of Commons on December 9th, 2013. See this statement in context.