Wayne Marston on Keeping Canada's Economy and Jobs Growing Act

Mr. Speaker, on that very topic I have introduced Bill C-331 which would move the assets of a pension plan ahead of unsecured debt in bankruptcy, insolvency and CCAA. We had the situation of Nortel and a number of pulp and paper mills across the country that closed. In some instances, the assets of the pension plan were used like a separate pool to pay down debt when in fact they belonged to workers. In addressing that, we have to change the priority in bankruptcy. In fairness, I have spoken to the Parliamentary Secretary to the Minister of Finance about this very issue, and what I understand from the government side is that it is going to take a fair look at this.