Thank you for your question, Mr. Ste-Marie.
Many collective agreements do provide for retirees to retain some of their group insurance, including life insurance and drug insurance. These coverages are very important since the older you get, the more at risk you are and the less insurable you become.
The example was given of the Cliffs Natural Resources mining bankruptcy, after which retirees lost their life and drug insurance. As has been said, it is impossible for a person of 80 years or older to buy new life insurance. This causes them great distress, as they wonder what they will be able to leave to their spouse and children. This is in addition to the great stress caused by the loss of income due to the reduction of the pension fund. These people are experiencing drama and anxiety, and this human distress must be addressed.