Mr. Speaker, in 1996 the former finance minister sold Voyageur Colonial bus lines. In doing so he left the employees with a $2.5 million deficit in their pension plan and up to a 30% cut in their pensions.
This is a pension plan that was supposed to have been protected by the Office of the Superintendent of Financial Institutions, an office for which the former finance minister was responsible at the time.
Why did OSFI allow the former finance minister to shortchange his own retired bus drivers?