That would be one way of reducing the impact, but it would still have a huge impact down the road when it's all in place. When employers need some financing and they tell the bankers, “We have a big deficit. This year it's $2 billion and maybe next year it's going to be $4 billion. This is going to be paid before we pay back our loans”--I can understand that this would disrupt the financing of the corporations. But on the other hand, actuaries are very sympathetic to the plight of pensioners we see today--Nortel, etc.
It's a difficult question. Actuaries don't have the solution, but we say let's look into it and look very carefully as to what the impact would be.