Mr. Speaker, my colleague said he is looking forward to improved retirement security for his grandchildren. I, too, have a number of grandchildren. However, how will it be more secure for our grandchildren if, as Dan Kelly said, two-thirds of small firms have to freeze or cut salaries, or even reduce hours or the number of jobs? If our grandchildren do not have jobs, it does not matter what the CPP will be, because there will be no CPP for them without jobs.
Also, the member mentioned once these measures are fully in place, but he failed to address the fact it will be 40 years from now. How can we really believe that these measures will help current retirees when they clearly will not be implemented for a full 40 years?