Thank you, Mr. Chair. First of all, I want to welcome all the witnesses.
My first question is for Mr. Hamilton.
Earlier, I was shocked to hear you say that the situation in Canada was actually pretty good and that we ranked fourth in the world. You seemed to be saying that your company has expertise in ranking countries' retirement plans. So you should analyze all the retirement plans.
Despite everything going on right now, you are telling us that things are going well and that we do not need to change much. However, the committee has already met a number of times to study ways of improving Canada's pension system, as a result of the fact that many retired workers ended up with nothing after paying into their company's pension fund. You must not be affected by the problems that these employees are facing right now, if you can say such things.
Nevertheless, I want to know whether you have any suggestions to improve things and keep this from happening again. You are aware that my party introduced a bill that seeks to take into account the benefits of employees who are lost after their company goes bankrupt and to allow them to, at the very least, receive refundable tax credits at the end of the year. The NDP also introduced a bill to at least give employees preferred creditor status during bankruptcy proceedings.
Do you have any suggestions or recommendations for improving the system so that these people do not have to go through this type of difficult situation?