Mr. Speaker, it is interesting to hear the hon. member give examples that are not relevant and do not have the same pension plan description.
I am sure the hon. member knows that this is a legislated plan that is guaranteed by the government so that all employees and retired persons will receive a pension regardless of the economic situation.
If there were to be a deficit, the government would have to guarantee it, as it did at the time of the $8 billion deficit. Does the hon. member think it should be shared risk? Should the union participate in the new plan so that, in effect, if there is a surplus it can benefit by it and if there is a deficit it will contribute toward it? Right now it is the Canadian taxpayers who guarantee public service pensions to ensure that people receive the kind of income that has been guaranteed for 50 years.