Mr. Speaker, I liked my colleague's intervention on old age pensions.
In 1975, the old age security pension represented 20% of the average industrial wage. Today, it only covers about 13%. By the time young people turn 65, it is said that their pension will be worth 8%.
What does the member think of our proposal to increase the pension for all seniors starting at age 65?
What does he think of increasing it to $110 over three years so that they can regain some of the purchasing power they have lost?