Finance committee  I didn't understand the last question, but I'll answer the first two. Who are the most vulnerable individuals? Obviously, those who have no private coverage, who have no private pension, who are unable to save. That's a large category. There is the issue of gender: single women

Finance committee  We talked about poverty rates, about income replacement problems. The question is whether that will increase in future or whether the situation will remain the same. I think the risk is that the vulnerability of certain categories will increase as a result of changes. There's a d

Finance committee  I agree with this answer. We are moving in a different direction. That's probably not where we should focus much of our attention right now.

Finance committee  I agree on this idea of mechanisms related to economic theory. It's true that the idea that people should be automatically included in the system and then that they should be able to decide to withdraw has positive effects on a purely voluntary system in which people choose to s

Finance committee  You're absolutely right. Obviously, Mr. Paillé is also right in that these are actuarial forecasts related to changing economic and fiscal realities, that's true, but also to basic demographic realities. I mentioned the Quebec Pension Plan report. The main reason, which was als

Finance committee  I wrote the brief in English, and then it was translated. I don't know what term I used in English.

Finance committee  Look at what I have here. This is a document from the Quebec Pension Plan that was published in 2008, before the financial crisis. It states that there will be significant problems starting in the 2050s. It's in the documents that were published before the financial crisis, befor

Finance committee  Did I say “enormous”?

Finance committee  No. There is the return issue, but you have to be careful. There are nevertheless demographic realities. I'm talking to you about a Quebec Pension Plan report that was published in 2008, before we received the results from the caisse for that year, even before the financial crisi

Finance committee  It's more or less the same thing for pensions. It's the same replacement and contribution rate for the moment. I'm saying that we have to try to work together to solve the long-term financial problems with regard to the Quebec Pension Plan and to improve pensions for all Canadian

Finance committee  The supplementary plan is better than nothing. It's better to have a supplementary plan than no action whatsoever regarding CPP and public pensions, but I think that we already have CPP and QPP programs that Canadians know about. The programs work, but they are relatively modest

Finance committee  I think it's important to increase the maximum pension available under CPP. Again, it's an income maintenance issue here. The focus is not so much on poverty, although it could have a positive effect on that too.

Finance committee  Yes.

Finance committee  In some cases, yes.

Finance committee  I don't have the figure.