Mr. Speaker, there is no question that the economic turmoil around the world has put enormous pressure on all kinds of pension plans and all kinds of investors. Nortel pensioners have had the particularly cruel situation of their entire company being put into bankruptcy.
The fact of the matter is though that these pensions were registered with the province of Ontario. The province of Ontario is the only body that has the right and responsibility to cover those pensions.
On the other hand, the finance minister and I are working with the provinces to make sure that we have better pension systems in this country in the future.