The example given by my colleague to my left is a telling one. In this country, it is abnormal for workers who have contributed to a pension plan—in other words, deferred wages—and are relying on pension income to get them and their family through old age to have to face a situation where the employer goes bankrupt but their pensions are not secured.
Let us take the example of GM. Their pension plans were 39% capitalized. If GM had gone bankrupt, it would have been a catastrophe for workers and retirees. There is a significant gap there.