Mr. Speaker, for some time I was the pension critic, and I did a great deal of work in terms of studying this particular question. One of the things that I learned, and which I think is quite widely known, is that investment in the CPP is the gold standard. Because of the wisdom of those investments, the return is quite significant, compared to private pension plans, which depend on the vagaries of the stock market; one day we are up and the next day we are down. Quite frankly, depending on that possibility is something that many seniors are most certainly not willing to gamble on.
In the House of Commons on November 28th, 2016. See this statement in context.