Mr. Speaker, I listened with great interest to what the member had to say about Bill C-78.
There is one point he did not address. However, I would like his opinion. Would this not be just what private businesses were waiting for? Might certain companies not want to follow the federal government's lead and do what they liked with pension funds?
It would be a bit like what happened in Black Lake and Thetford with the asbestos company, which helped itself to some of the surplus in the pension fund.
The member for Laval East mentions the Singer company. I am told that three quarters of the employees are now dead, or will not have the full benefit of their pensions. The company has been dragging the process out before the courts. Employees are being told that, if they do not see the results, their legal heirs will, as if that were any comfort.
I would like my colleague to go into greater detail on the example that the President of the Treasury Board is setting for the private sector.