Industry committee  No, I do not. I think defined benefit plans are the best kind of pension plan that individuals could enjoy. They are pension plans through which the employees, at the end of the day, assuming their company continues as a going concern, will receive a defined benefit, and they kno

Industry committee  Nortel—

Industry committee  Nortel is a provincially regulated company.

Industry committee  Thank you, Mr. Lake. I really want to talk about the good things that seem to be going on today across Canada with respect to pensions. The federal Minister of Finance and the provincial ministers of finance are working hard at looking at restructuring the public pension plans.

Industry committee  I wanted to say that I think there are solutions. The problem with Bill C-501 is that it's just not the right kind of solution. I've observed what AbitibiBowater has been doing. They worked with the regulator in Quebec and the regulator in Ontario. They found a way to protect the

Industry committee  —are working very hard on this issue. Mr. Chairman--

Industry committee  I have a couple of key things. I witnessed a debate—

Industry committee  Thank you, Mr. Chairman. My name is John Farrell, and I'm the executive director of Federally Regulated Employers - Transportation and Communications. With me today as an advisor is Mr. Brian Aitken, vice-president, CFO, and treasurer of Nav Canada. Nav Canada is a member of FET

Industry committee  OSFI, the federal regulating agency, can advise you on the exact number of federally regulated companies that have solvency deficiencies and the percentage of those deficiencies. That data is available. What would happen is that every single company that has a defined benefit p

Industry committee  I can. Among other things, in addition to my responsibilities for managing FETCO, I have been, and continue to be, involved in the pulp and paper industry. I'm responsible for working with the companies to coordinate the collective bargaining activities from the Manitoba border

Industry committee  It is our understanding, collectively, that there would not be a provision for retroactivity. Unfortunately, Nortel employees will not benefit from this bill.

Industry committee  Ms. Sgro, if I could be of some assistance here, obviously these pension matters are very complicated. It's very difficult for the average Canadian, the average person, and the average politician to understand how pension plans work and how capital markets work. A great deal of w

Industry committee  Yes. Thank you very much. My name is John Farrell, and I am the executive director of Federally Regulated Employers--Transportation and Communications. I'm accompanied today by Mr. Michael Boychuk, president of BIMCOR, which is Bell Canada's pension investment manager. He is al

Status of Women committee  Yes, I'll defer to Ms. Gagné, who's with me.

Status of Women committee  We have said that there are certain aspects of this PSECA legislation that we think are beneficial. The primary one that could be applied in the federal jurisdiction for private sector employers, if it's discussed and managed properly, is the joint requirement for the unions and