Yes, in Alberta, there is no pension guarantee fund, so the 69% that we were talking about will be all an Alberta pensioner will ever receive.
I think there's generalized comfort in doing something like that, especially trying to vest Nortel's pension at this point when the market is so low, a five-year reprieve to allow some of it to recover. It's not all underfunding; it's partly because the market is down so low. If they were to roll up the pension at this point, it could be as low as 69%. If the investments are allowed to recover somewhat in five years, that could be a lot closer to 100% funding.
I agree with you. I think it would work in other provinces.