We believe that the solution is not necessarily to have a system like the one in Ontario. Rather, legislation that requires employers to fund their pension funds should be passed.
Earlier, the example of Sears was cited. The shareholders were paid $500 million, while the pension fund had a deficit of over $300 million. So if the provincial law had required that Sears fund the pension fund, the retirees would have been hit a lot less hard.
So rather than create a fund, I think we would strike a better balance by requiring companies to fund their pension funds.