Finance committee  I may not have been clear. I meant to say that it is also a deferred salary. Whether the salary is paid immediately or later... In the years when we were working, we had no choice: there was a pension plan and we had to pay into it. We were told that part of our salary was not p

Finance committee  If the laws were changed today, making pension funds into secured creditors would not affect us because our situation is already in the past. But we would be exceptional cases, and that has its importance. A bill has gone through the first two stages. I am referring to Bill C-29

Finance committee  Right, but it no longer exists.

Finance committee  There was no bankruptcy. They simply liquidated everything. When we retired, the actuarial valuations were over 100%. So we were not worried. When the company began to experience problems, everyone who could have stepped in did not. Nothing was paid into the pension funds, which

Finance committee  This is about the social costs. We have lost money from our pension fund. You can tell me that there was no violence involved, but there certainly has been psychological violence. Peoples' morale has especially taken a hit. A little earlier, I said that folks can hardly think of

Finance committee  We experienced the same thing. We have absolutely nothing left with respect to benefits. We no longer have group insurance. At one point we had death benefit insurance, but we no longer do. We have absolutely nothing.

Finance committee  Our secretary, Ms. Blanchard, summarized our situation very well. However, I would like to add a few points. I would simply like to point out that we have been living with this social injustice for nearly five years. As far as we are concerned, we find it absolutely unbelievable