Mr. Speaker, I like this bill and would be very pleased to support it and see it go to committee.
It is an earth-shattering experience when people lose pension funds at any time. We have to look at a whole revamp of the Canadian pension system. This is probably a very good opportunity to do that.
One of the areas that we support and are looking at is the whole idea of insuring pension funds. It makes sense to me. People insure their bank deposits with CDIC. We insure our homes, cars and everything else. It seems only reasonable that we work out a system in this country to insure pension plans so that if a company goes bankrupt, the workers should not suffer the losses they have been suffering, and all the stress that goes with it, and the doubts that arise when people potentially are going to lose all or part of their pension funds.
I know the government has a task force studying this right now. I am confident that over time we will be able to get a proper insurance plan for pension funds.