This suggestion came forward from some quarters in the consultation that we were just discussing. The federal government, as you can see, by omission did not proceed with it. The view animating that decision, which was expressed by many others in the consultation, was twofold. The first aspect was that employers should be given incentives to properly fund their pension plans. This is what solvency funding is about. The solvency funding regulations are there so that pension obligations will be respected as much as possible in the event of a bankruptcy, and the responsibility should lie with the employer who is providing the pension.
Also, it is common in these cases, especially if there is a large bankruptcy, for the guarantee fund to be exhausted. It is backstopped by the government, and there is a view that it is inappropriate for taxpayers in general to take on this role.