Mr. Speaker, I can understand and appreciate that this is a very difficult time for the workers and their families in many communities across the country. I understand that the current Sears Canada pension fund assets are held in trust and, as such, must be used solely for the benefit of pensioners. It is completely protected from the claims of other creditors. The unfunded pension portion will have a claim, and the proceeds of those claims of liquidation will be a priority for the pensioners as well. We will continue to monitor the situation. We are going to work with the workers, we are going to work with their families, and we are going to work with the different communities.
In the House of Commons on October 16th, 2017. See this statement in context.