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Finance committee  The main reason we end up with pension fund underfunding is the Income Tax Act. It's not a provincial responsibility, it's a federal responsibility. It prohibits overfunding pension funds by more than 110%. That's the big problem. It was stated by Mr. Zafirovski a while ago that

June 18th, 2009Committee meeting

Ken Lyons

Finance committee  I agree completely. I'm fully in support of the proposition that the pension deficits should be treated preferentially, as wages are. Looking at it, what's our pension? When we were working, we were given a salary, taking into consideration that we had a pension. We didn't have

June 18th, 2009Committee meeting

Ken Lyons

Finance committee  You can count on it.

June 18th, 2009Committee meeting

Ken Lyons

Finance committee  Good morning, ladies and gentlemen. Firstly, I would ask those who are asking me questions in French if they would be so kind as to allow me to respond in English, for the benefit of those who do not have access to interpretation, if that does not offend you. Would that be all r

June 18th, 2009Committee meeting

Ken Lyons

Finance committee  I'll answer the question in English. How do I feel in this situation? I feel that I was just dumped aside. I gave my life. I loved working for Nortel. It's a passion for me. It is so much a passion that I still manage a museum, voluntarily, that boasts about Nortel's history goi

June 18th, 2009Committee meeting

Ken Lyons