Mr. Speaker, I thank the member for his very pertinent question.
We are not opposed to a pension fund for people who have worked their entire lives. The provinces support expanding the Canada pension plan. That is excellent. What I am saying is that we have to ensure that the risk of investing this money in the stock market must be secured. If we took the Canada pension plan—the employer contribution and the employee contribution—and sheltered it in trust, people would be much more inclined to contribute than if employers were entitled to withdraw funds at some point.
At present, Canadian Pacific workers risk losing their life savings. They risk losing everything, or part of their pension fund, which is what happened to employees of White Birch Paper in Quebec.