Finance committee  We lost $55 million in pension money and $35 million in benefits, namely life insurance, health insurance, immunization insurance. Nothing is left. We lost $100 million.

Finance committee  It was the same for all of us. When the pension fund was shut down, it was purchased by Desjardins. According to their calculations, we lost 38%. They had difficulties giving this to us because we were going to live a long time. The opposite occurred when we bought life insurance.

Finance committee  Good afternoon, Mr. Chair. My name is Gaston Fréchette, of the Jeffrey Mine, in Asbestos. With me is René Langlois who is the Secretary of our committee. First of all, I would like to begin by thanking you all for having invited us here. If you are taking the time to invite all these people to look at what might be done, that proves that there are problems with our pension plan system.

Finance committee  We had handed him a huge pile of documents and called him repeatedly. However, I can say that we received replies from many of you, to whom we had sent a letter. Many of you sent us responses. That leads me to talk about the same issue raised by people from Nortel: the Companies' Creditors Arrangement Act, or CCAA.