We talked about that in February when we appeared before the committee, and it's still relevant in the context of COVID-19. We expect to see bankruptcies in the coming months, and workers' pensions will probably be slashed as a result.
There are two measures the federal government could implement using two federal acts: the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act. These two laws could be amended to raise pensioners to the same level as priority creditors like the banks.
We asked the Quebec government to create an insurance plan for pension funds, and it did. For its part, the federal government could demonstrate benevolent leadership by amending the two acts I just mentioned. This would have an impact on women because any shortfall would affect those who are business owners or workers. People working for some companies, which I will not name, have lost a significant portion of their pension plan.