Finance committee  No.

Finance committee  Under the reform, that could reduce the tax burden associated with the Guaranteed Income Supplement, if the Canada Pension Plan or the Quebec Pension Plan were enhanced. That's what you mean? In fact, it's like a waterbed effect: if the Canada Pension Plan expands, that could sa

Finance committee  Yes, it's a tool to combat poverty. In fact, it supplements the Canada Pension Plan and the Quebec Pension Plan, but it's for low-income individuals only. So obviously those who have—

Finance committee  That's possible. It depends on the increase we're talking about, if you increase the CPP replacement rate. That said, there will still be people who won't have enough income, for one reason or another, who won't have been in the labour market.

Finance committee  In certain cases, indeed, and that's why I don't think we can abolish the program. The Guaranteed Income Supplement will stay.

Finance committee  These are different measures; they're funded differently. When there's an increase in contributions, that also affects employers. That's a macro-economic fact that has to be taken into consideration: the funding isn't the same. So I'd say you need both. Furthermore, I don't see

Finance committee  Absolutely.

Finance committee  There are different situations. You're right, the demographic factor is important in explaining why QPP is not doing as well as CPP, in terms of the long-term projections. That's an important factor. I don't think the main factor is la caisse versus the CPP Investment Board. I do

Finance committee  Yes, in that case, unless you increase the contribution rate. That might not be necessary, but it depends how far you want to go in—

Finance committee  For disability and survivor benefits, that's what's being discussed in some of the documents. For example, a document that I have here, Toward a Stronger and Fairer Québec Pension Plan, published in 2008 by the Régie des rentes du Québec, put forward some alternatives. What I'm

Finance committee  Increasing the contribution rate is discussed in documents from the Régie des rentes, alongside other measures. I mentioned disability benefits and survivor benefits. We're talking here about less than a percentage point of increase.

Finance committee  Good afternoon, and thank you for your invitation. In Canada as in other countries, retirement pensions involve long-term commitments on the part of employers and governments. Canada's pension system has a number of outstanding qualities like the capacity to fight poverty effect