My remarks earlier were predicated on the idea of strengthening the ability of employers to have a balance. Having a balance allows them to put more money into their pension plan over the long term and allows them to keep their companies in business over the long term.
What we are very concerned about as a result of that survey and the subsequent interviews, and listening to various plan sponsors who are very concerned, is that we want to make sure they continue their defined benefit plans, effectively forever. In order to do that, they have to be in existence.
Bill C-501, with its ramifications for effectively putting the whole deficit ahead of other unsecured creditors, means, from what we understand, that the ability for lenders to charge decent interest rates to the employers is very much in jeopardy. It's not just a case of 25 basis points--in other words, 0.25%; there are some where it could be very considerable.
Our worry is that in order to help those who are already in bankruptcy proceedings, or who are about to go into them, it's going to put a number of other organizations--some very large ones, especially ones that are triple-B rated--into a worse position. Some of them may go under, and there are a lot of workers involved.
In order to be able to channel moneys into those businesses, it does unfortunately mean that there may be some individuals who upon bankruptcy in the immediate future will not get their full amount of money. It's a very sad situation.