Madam Speaker, this is a big issue in Oakville. I knocked on doors, met with people in Oakville, and heard many concerns raised about whether people will have sufficient funds to retire on. I heard about trouble with savings due to some of the low-quality, poorer jobs that people are experiencing right now across Canada. I also heard a concern about private plans moving to defined contribution and the risk of investment, and the individual discipline to put the money into retirement instead of with the plan.
Can the member reflect on the benefits of a defined benefit plan versus the defined contribution, which is a significant advantage of the Canada pension plan?