Mr. Speaker, I want to thank the member for that question because it is a very important situation that it is happening across the country, in every sector. We have had the things happening with Nortel, we have had problems with the steel workers, and problems in a number of places in this country.
The reality is that workers can wake up one morning and have no pension. Some of the forestry companies forgot the fact that this is workers' money. This money is from deferred wages. This money came as a result of workers saying, “We will forego that next raise if you will start giving us $1 an hour or whatever toward a pension plan so we can retire in dignity”. Instead, as in the case of Nortel, the company had $6 billion in assets and $4 billion in cash, and they did not pay long-term disability to people who were disabled. Their pension plan wound up with a loss of 37%. In my riding there was a man and a woman who were both in their eighties and both had worked for Nortel. In one day they each lost 37% of their pension.
Things must be done beyond what we are talking about today. There has to be pension insurance and there are a number of things we can do.