Mr. Speaker, I thank my hon. friend for her speech on the pension issue. She has been very involved in the question of pensions for a long time.
I stand with the members of the opposition parties in general in believing that the CPP is our best and most reliable pension system and that it must be expanded. I am concerned about this new approach, because it is discretionary. It appears to create the greatest benefit for those people who buy and sell investment services.
I would like to ask my hon. friend what can be done and whether we can put forward perhaps a private member's bill from this side of the House to ensure that we protect the pensions that are held in firms that go into bankruptcy. For such plans as that of Nortel or Catalyst Paper and others, can we make those secured creditors in bankruptcy?