Just to elaborate on that, I've been well aware that in the U.S., the Pension Benefit Guaranty Corporation will protect the assets of the pensioners up to $54,000 a year in bankruptcy. That's $54,000. In Canada, with the exception of Ontario, it's zero.
So there's a fallback mechanism, a safety mechanism for pensioners in the U.S., and in the U.K., where it's 28,000 pounds a year. That's probably why they don't have higher-priority status in bankruptcy: because they don't need it in the U.S. The land of free enterprise actually protects the pensioners.