Human Resources committee  Thank you, Brian. Just to broaden that a bit, at Ryerson I'm actually with the National Institute on Ageing as well. I've been doing research for quite a long time. I always find it very surprising that when we look at retirement income security for Canadian seniors, we always

Human Resources committee  The problem is that we have so many disconnects between all these different studies that it is difficult to bring the information together and get a storyline and come up with effective solutions. When analysts come to these problems, their difficulty will always be data. Fortu

Human Resources committee  Right. Absolutely. What I was getting to was that—

Human Resources committee  Yes from me.

Human Resources committee  Right, they're poor. Basically the most direct way would be to alter the OAS regulation so as not to have this residency requirement. A change like that is going to depend on the cost for the government to implement it. We need tools to calculate this cost and to integrate the da

Human Resources committee  Basically, when governments around the world want to evaluate how prepared their citizens are for retirement, they have two criteria. One is poverty. The second is that they want to see how well Canadian, American, or Australian workers will sustain their living standards in reti

Human Resources committee  The difficulty is that you can get a census, but if you're not using the data in some type of comprehensive model that's going to put the information together, it's just bits and pieces of data.

Human Resources committee  No, that's a statistic. That's something separate, but that's a way of understanding how well changes in the CPP have actually performed. The model I'm talking about is something that the government developed in Statistics Canada for 25 years, using the top minds in government.

Human Resources committee  I was the only person outside of government who learned it, so guess what's happened to me. I am completely inundated with phone calls from provinces, from the industry, and from other academics, who want me to run this model. I can't do this alone. I don't have an interest in do

Human Resources committee  A lot of the analysis says that seniors want two things. They want to have flexibility over their savings in the beginning of their retirement, but at the same time they want long-term protection. One way of doing it is, as you say, to raise the RRIF age so that people aren't for

Human Resources committee  I actually wrote it in a C.D. Howe pension policy paper, which will be released soon. It gives the details. I didn't invent this. This is an idea that has been used with incredible success around the world. It's popularly known as longevity insurance, but if we can do this as a n

Human Resources committee  Also, moving things to wages, you're basically saying that you're keeping the seniors up more with wage growth in the economy, but with OAS and CPI, it is keeping up with inflation. A major concern of seniors is that they're finding with things such as their pension plans that ar

Human Resources committee  The idea with paying informal caregivers is that going forward there will be a much smaller supply of informal caregivers, because there are fewer children.

Human Resources committee  When there are fewer children, children have to make the decision, can I stay home and take care of mom and dad or will I go to work? If we can start paying them, then that's going to make that—

Human Resources committee  I'm calculating the impact of the cost right now in a very large-scale study. But to give you an idea of what the cost is, it's actually a cost savings because the idea is that you actually pay them less than you would a formal caregiver. For every dollar you would pay a formal