One of the solutions we are putting forward is a contribution by members. The plan members are the employer and employees who contribute to the plan. There are also pension committees which have certain obligations.
The employer is required to deposit his contribution each month. The problem arises when a stock market and financial crisis occurs, such as the one we experienced recently; when the actuarial evaluation arrives, you realize that the plan is only 70% capitalized. When a company goes bankrupt, I do not think the government should just leave people to fend for themselves.
So, insurance is needed. There have been experiences with it elsewhere in the world, such as in the United States and even Ontario, but the fund is not adequately capitalized. I think there should be restrictions placed on that. Let us go back to the example I gave earlier: how long did it take to run down the surpluses? It is not right for a pension fund to be capitalized at only 110%. A lot of employers and companies took premium holidays when times were good, saying that this would never happen. But it has happened twice since 2001 and a lot of pension plans have been suffering since.