Again, I don't know, but if you use the term “wind up”.... To wind up a pension if you're an ongoing business, you have to fully fund it before you wind it up, which is not necessarily a bad thing.
The other thing is that when you talk about the 1.4 million or whatever it is, those are the active employees. There are probably four to five million already retired people depending on these benefits who are losing out.
I can say from my experience—I worked for General Motors of Canada—in the last AV we had, there were 600 to 700 actives in the pension plan and 6,000 to 7,000 retirees. When you look at that 1.2 million or 1.3 million, those are just the people who are actively working. This is another ageism thing in government. Nobody keeps track of pensioners. Statistics Canada doesn't. Nobody does.
The armageddon, in my mind, has never been proven. It's been threatened and forecast, but it's never happened.