Mr. Chair, our pension critic, the member for Hamilton East—Stoney Creek, is fond of saying that we ensure our cars, so why can we not ensure our pension funds.
Actually, it is not as complicated as it sounds. In 1987, after two or three property and casuality insurance bankruptcies, the provinces across the country got together with the industry and set up a compensation fund. Right after that, the life insurance companies did the same thing. We have travel acts in Ontario, Quebec and British Columbia, where if we do not get the trip we paid for, if the agency goes bankrupt, we are compensated. Canada has all sorts of examples of how we should be doing this.
We can insure our trips and we insure our cars and our houses. Why in the world can we not insure our pension plans?
I would like to ask the member. I am sure he agrees with the idea. Why is the government dragging its feet on this issue?