Madam Speaker, we had consultations, out of which we came up with the pooled retirement pension plan to allow others to join a pension plan. The Canada pension plan is a unique pension plan. It was brought in to ensure that it was one way of retirement, but not the only way.
The problem with Canada pension plan is that the premiums are paid by the employers and the employees. If we raise it too much, it becomes a hindrance to the expansion of the economy. It becomes a hindrance to the expansion of small business, which is the engine of the economy.
We need to come up with a plan. I did mention for the member that there was an experiment going on now in Ontario, done by Senator Hugh Segal, to look at how we could have a fixed minimum income, which is one of the ways to look at it. We should be exploring other options to see how we can provide good retirement benefits for all.