This is an interesting question. I know that we are following the accounting standards established in Canada by the Public Sector Accounting Board.
It doesn't require any such recognition of liabilities for all pension plans. That doesn't fit our accounting standard model.
I do appreciate there's an international norm out there. That sort of thinking has not found its way into Canadian accounting standards. If it ever does we would certainly have to follow it or we would be in trouble from our friends here to our left, but I would be surprised if any Canadian accounting standard would say the government is responsible for all pension deficits. For the government's own pension plans, absolutely, but I'm not aware of any kind of discussion that would take us down that track. I'm not sure if you are either?
No?