What would I do if I were a legislator? There are some things I do not understand. I had been retired for seven years when I was affected by the cut. After 40 years of working in the mine, I went to see the big boss in his office. It was a real heart-to-heart. He thanked me very sincerely for everything I had done. If you are not somewhat involved in the running of the pension fund while you are an employee, you just cannot conceive that something like that can happen. It is the least of your worries as an employee. I would say that 95% of workers do not worry about it and that is unfortunate.
There are retirement committees in Quebec, but they are primarily on the management side. The Superior Court has ruled that the money in pension funds belongs to the retirees, but those who administer the funds are primarily in management. So it is not that simple.
In Quebec, pension fund legislation changed in 1991. It required the establishment of retirement committees. Since 1991, our solvency level has never been 100%. It is inevitable, because once there were 1,300 employees and, in 2002, only 400 were left working. There were more retirees than people actually working.
I would like to come back to what you said. Currently, they have invested 75% of our money in the stock market and kept 25% in low-risk investments, whereas, had they been responsible, they would have put 75% of our money in low-risk investments and 25% in the stock market.
So that is what has happened to us and that is why we are not happy. It is also why we have said that we are entitled to fight, and we will do so until the bitter end.