I believe there is some benefit in looking at that type of new mechanism. It doesn't exist today. There is something similar to that in Quebec. A new law was passed in 2009, but it only applies to bankrupt employers. It allows the retirees of those bankrupt employers to transfer their assets to the Régie des rentes. They would invest assets for up to five years and gradually purchase annuities into the market.
We know there have also been exchanges by certain unions in specific situations across the country to change rules to accommodate this type of arrangement for certain employers, but nothing specific has been put into place as far as I know.