You talked about the pension fund. When a company goes bankrupt and is placed under the protection of the Companies' Creditors Arrangement Act, that company's debt becomes an unsecured debt, as opposed to a secured debt. You talked about maintaining some protection for pension funds, but what happens to severance pay? You said you worked for 42 years. Surely you were entitled to severance pay. I don't think your employer took steps to protect your severance pay.
I can tell you about AbitibiBowater, a company located in my region. It was placed under the protection of the Companies' Creditors Arrangement Act. Under their collective agreement, employees were entitled to severance pay. However, the amount owed to them by the employer was deemed an unsecured debt.
Don't you think that employee severance should be considered a secured debt as well?