Human Resources committee  There is a whole lot of room in the CPP where we still could go. The replacement rate of CPP was set at 25% income replacement back in 1967, which was 50 years ago, when the program started, and it's still at 25% today. We were calling for that to be moved up to 50%. It is moving

Human Resources committee  Yes. It would be a simple amendment. It's a fiscal cost to do so, to have the program grow at the speed of the economy rather than the speed of prices. The actuaries who look at the OAS and GIS system show, and they've been saying the same thing for decades, that in the long run,

Human Resources committee  Yes. In terms of poverty, you need a pension system that's working for most Canadians. In terms of our pension system, we've put a lot of our eggs in Canada in the workplace pension basket. We have comparatively a pretty small public pension system. When you look at other equival

Human Resources committee  Regarding the price-based system, as I said, the chief actuary is predicting prices to increase by 2% a year, and the wage measure would be about 3% a year. Essentially, the OAS costs are increasing by 2% a year now; they would increase by 3%. In one year, it's not going to mak

Human Resources committee  I would have to confirm it in the report, but I believe his projection was that the difference 60 or 70 years from now would be about 1% of GDP in expenditure.