Thank you.
Dr. Ambachtsheer, in your opening statement and at several other times I heard you talk about the role of government regulation within the defined benefit pension plan.
We've had instances in Canada of corporations apparently using the CCAA to get out from under these obligations. At the start of your presentation--at least, I believe it was yours--you mentioned how it began as a gratuity and became a contract, and workers today very much see the private pension plans with their employers as contracts.
We had the situation of Hollinger, which sold off some newspapers but kept the pension liability, and now people are receiving notifications that they're going to wind it up. In my home community of Hamilton, when Canwest was selling off CH TV to, I believe, VisionTV, they had a pension plan that was $5 million short. They wound up that pension plan for the employees, but they put $41 million in for the executive side just before they wound it up.
Those kinds of abuses, to me, scream for some sort of government intervention, and I would like your comments on that. Also, there's a bill in the House that just went to committee. It's called Bill C-501, and it talks about giving preferred status to pensions within CCAA and within the BIA. I'd like to hear your comments on that, please.