Mr. Speaker, I would first like to congratulate my colleague on his speech. I would like him to say a little more about how we can protect pensions. He gave the example of an individual who invests in RRSPs for 10 years and loses money when the value of the RRSPs then falls. So we lose money we invest for our retirement. He also said the measures proposed in the bill do nothing to provide better protection.
In addition, we might think of examples like Nortel, where the corporation came ahead of the employees. My colleague is certainly aware of that case. When we talk about retirement security for people who have worked hard all their lives and who invested their money, it is extremely important to protect their retirement pension. I would like to let my colleague talk some more about how we can better protect that, so it is better than what is proposed in this bill.