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Status of Women committee  Well, if you have questions, I'll be pleased to answer them.

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  I'll answer the first question you asked about the self-employed. You asked me if I have given thought to that, and the answer is no. The reason is that the self-employed are already covered by the Canada Pension Plan. There's an exception. The Canada Pension Plan covers employme

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  If they're not covered, it's because they don't pay themselves a salary or they don't receive a salary. All salaries are covered by the Canada Pension Plan.

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  Now, your second question?

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  I'm a strong believer in the Canada Pension Plan. By this I mean it's a very well-designed pension plan. A lot of people think it's the best-designed plan in the world, and I agree with that. The only thing is this. If I had been asked to be involved in the decision made in 1966

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  Your question is somewhat along the same lines as an earlier question that I did not answer, that is, whether the Canada Pension Plan could do more to offset the insufficient income of women. To my mind, the Canada Pension Plan, like any other plan, really cannot do any more in t

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  There is another important component to registered retirement savings plans. Not only is the percentage of people who take advantage of them fairly low, but also, a large proportion of people—and I apologize as I cannot recall the number, and I would not want to just throw one ou

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  The Canada Pension Plan was amended one or two years ago, to the effect that any amendment to the plan has to be, from now on...because it was not applicable before. If you improve the benefits, you have to charge the contributions that are associated with those benefits on a ful

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  If the CLC proposal were implemented January 1, 2010, contributions would be increased immediately or over a period of five to seven years, but the benefits would not be increased immediately. Already retired persons would get nothing, and someone who would reach age 60 in 2010 a

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  No, they won't.

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  Those who don't pay into CPP get nothing from the CPP.

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  Do you mean the insurance fund or the CLC's proposal?

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  No, it's a give and take thing. You get out of the CPP what you have put into it.

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  Yes, but it's—

October 27th, 2009Committee meeting

Bernard Dussault

Status of Women committee  Which is to double....

October 27th, 2009Committee meeting

Bernard Dussault