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Considers that, given budgetary pressure, efficiency in social spending is of major importance; considers that, in view of the current budgetary pressure, social spending has played a significant economic and social role in softening the effects of the crisis; considers that pay-as-you-go schemes have demonstrated their fundamental role in creating solidarity between generations; also considers that the second and third pillars have a supplementary role to play in reducing pressure; calls on Member States to ensure the best possible mix of forms of pension provision to safeguard pensions in the future; calls upon Member States to improve citizens’ access to private savings schemes; points out that, because of the financial crisis, sev ...[+++]eral Member States are planning to introduce changes to their pension systems; urges them, however, to ensure that all pension systems remain stable, reliable and sustainable, and that all changes are made after adequate social dialogue and on the basis of the provision of sufficient information; advocates that, if choices can be made by employees, enough time should be provided for them to make informed and well thought-out decisions;

This may involve finding an appropriate balance between funded and pay-as-you-go systems.

We wanted to use our time this morning to emphasize that now, more than ever, our Canadian health system requires a strong federal presence on policy issues that cross provincial and territorial borders, and it requires adequate funding distributed to the provinces on need, rather than a pure per capita approach.

Higher tax rates from 1997-2015 than under the balanced budget, pay-as-you-go plan yield the dividend of lower Canada Pension Plan tax rates after 2015 as compared to the pay-as-you-go arrangement.

The problem, though—and it's not an inconsequential problem—is what happens during the transition over the next seven years from the pay-go to the partial funding system.