Yes, that is critically important. As we have seen a number of times in recent years, when there isn't enough money in the pension plan when a company declares bankruptcy, the pensioners and workers are the ones that pay the price. I think it's very important for pension plans to be at the front of the line. They are one of the things we worked hardest for and we have asked the Conservative government to look at this. We told them they have to find a way to protect retirees. It is not right that retirees pay the price when a company goes bankrupt. That represents millions and millions of dollars.
In the case of AbitibiBowater, we were able to save the pension plans. Mr. Paterson said this morning that an announcement will soon be made, because an agreement has been reached with the Government of Quebec. This time at least, pensioners will not be paying the price for this restructuring.
Yes, it is absolutely essential that the federal government look at the Bankruptcy Act to ensure better protection for pension plans.