Mr. Speaker, I thank my colleague for his intervention.
Yes, certainly, there has been a failure in that regard. The reality is that CPP premiums are a payroll tax shared between employers and employees. However, they also represent a kind of forced savings plan, which people need. For instance, the plan makes seniors less reliant on the guaranteed income supplement and other assistance measures once they retire.
I want to take this opportunity to highlight the excellence of the Caisse de dépôt et placement du Québec and the Quebec pension plan, as well as my great pride in the fact that we do not have to depend on the federal fund.