I would respond to that by saying, Ms. Sgro, that the best security that can be offered to pension plan participants is to maintain a healthy, financially sound sponsor or employer. That is the best protection you can offer. Canada offers some of the best protections already with its CCAA insolvency rules, plus what came out from government reform recently, as recently as the beginning of this year. Those are strong protections.
We heard from Mr. Dafoe that whether you change it from super priority to priority or to preferred doesn't matter. For somebody to jump ahead of the institutions that fuel blood into the veins of our corporations, which go on to provide employment and create jobs, I think would be a big mistake.
In my opinion, keep a financial sponsor or a financial employer or an employer financially healthy so that they can continue to pay those defined benefit pensions, which, by the way, very few people are lucky enough to have, when you look at the rest of Canada. What would we do for those that had defined contribution plans or other retirement arrangements? The crash of 2008 basically obliterated their savings by as much as 60%. What are we going to do for those people?