Speech (committee meeting)

{
    "time": "2012-02-16 15:45:00",
    "attribution": {
        "en": "Hon. Ted Menzies",
        "fr": ""
    },
    "content": {
        "en": "<p data-HoCid=\"2712209\" data-originallang=\"en\"> Well, an early happy birthday to you!</p>\n<p data-HoCid=\"2712210\" data-originallang=\"en\">It's a good question and a reasonable question, as I always expect from Mr. Marston. He's a very thoughtful gentleman, and I know he has put a lot of his time into speaking with constituents and Canadians about this. And it is important. I think the whole aspect of looking at the overall retirement income adequacy of Canadians has become very topical, certainly with the downturn in the markets. I think we all understand that. </p>\n<p data-HoCid=\"2712211\" data-originallang=\"en\">There actually has become a very national dialogue about retirement income adequacy, and I think the media has played a very valuable role in that as well, because people are reading the headlines and asking if they have enough for their retirement.</p>\n<p data-HoCid=\"2712212\" data-originallang=\"en\">The pooled registered pension plan is not meant to take away from any other pension option out there; it's meant to contribute to it. I need to go back to the fact that RRSPs have been there for years. They have worked well, but people aren't using them adequately. So we're going to provide this broad-based option through the employers. When an employer chooses to offer this pension option to its employees, the employees will be automatically enrolled, and they'll have, then, the option to opt out, if they so choose. They'll have a 60-day period where they can opt out. </p>\n<p data-HoCid=\"2712213\" data-originallang=\"en\">It has been proven in other countries that this brings more people in. It makes the pool larger. The returns will be better. It is low cost because there is more competition in the system to keep the price low. We think that will provide, as I say, one more option to help people save.</p>",
        "fr": "<p data-HoCid=\"2712209\" data-originallang=\"en\">Dans ce cas, tous mes v\u0153ux \u00e0 l'avance!</p>\n<p data-HoCid=\"2712210\" data-originallang=\"en\"> C'est une bonne question et une question raisonnable, comme je m'y attends toujours de la part de M. Marston. C'est un homme tr\u00e8s r\u00e9fl\u00e9chi, et je sais qu'il a consacr\u00e9 beaucoup de son temps \u00e0 discuter de cette question avec ses \u00e9lecteurs et avec les Canadiens. C'est important. Je pense que l'examen du niveau ad\u00e9quat du revenu de retraite des Canadiens est devenu tr\u00e8s d'actualit\u00e9, surtout avec le tassement des march\u00e9s. Nous le comprenons tous. </p>\n<p data-HoCid=\"2712211\" data-originallang=\"en\"> Le dialogue sur le niveau ad\u00e9quat du revenu de retraite a pris une envergure tr\u00e8s nationale, et je pense que les m\u00e9dias ont jou\u00e9 un r\u00f4le tr\u00e8s utile dans ce domaine, parce que les gens lisent les manchettes et se demandent s'ils ont assez d'argent pour leur retraite.</p>\n<p data-HoCid=\"2712212\" data-originallang=\"en\"> Le r\u00e9gime de pension agr\u00e9\u00e9 collectif ne vise pas \u00e0 remplacer les autres options de pension qui existent d\u00e9j\u00e0; il vise \u00e0 y contribuer. Je dois revenir sur le fait que les REER existent depuis des ann\u00e9es. Ils ont bien fonctionn\u00e9, mais les Canadiens ne s'en servent pas assez. Nous allons donc offrir cette option de grande port\u00e9e, par l'entremise des employeurs. Lorsqu'un employeur choisira d'offrir cette option de retraite \u00e0 ses employ\u00e9s, les employ\u00e9s seront inscrits automatiquement et ils auront le choix de ne pas participer si c'est ce qu'ils veulent. Ils auront un d\u00e9lai de 60 jours pour se retirer. </p>\n<p data-HoCid=\"2712213\" data-originallang=\"en\"> Il a \u00e9t\u00e9 d\u00e9montr\u00e9 dans d'autres pays que cela accro\u00eet le nombre de participants. Cela \u00e9largit le bassin. Les rendements sont plus \u00e9lev\u00e9s. Les co\u00fbts sont faibles, parce qu'il y a plus de concurrence dans le syst\u00e8me, pour maintenir les prix peu \u00e9lev\u00e9s. Nous pensons que cela donnera une autre option et aidera les Canadiens \u00e0 \u00e9pargner.</p>"
    },
    "url": "/committees/finance/41-1/43/ted-menzies-3/",
    "politician_url": "/politicians/ted-menzies/",
    "politician_membership_url": "/politicians/memberships/1254/",
    "procedural": false,
    "source_id": "6632547",
    "document_url": "/committees/finance/41-1/43/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F41-1%2F43%2F"
    }
}