Industry committee  As a number of witnesses indicated when they appeared before the committee, Bill C-501 covered all unfunded pension liabilities. The motions don't change that. The motions say the same thing, they just say it in a clearer way. So we're dealing with providing a super-priority for

Industry committee  All deficits between what the plan's assets are for what it needs to carry all the benefits.

Industry committee  No. None of eight motions we've seen, which are the eight motions we're talking about, amend clause 6 of the bill.

Industry committee  In our reading of Bill C-501--and I think the witnesses who appeared before the committee also spoke to this--the provisions of Bill C-501 would put the claims for unfunded pension liabilities as a super-priority, and therefore paid before the secured creditors.

Industry committee  Currently, Bill C-501 has language that speaks to any amounts considered to meet the standard for solvency determined in accordance with section 9 of those regulations.

Industry committee  This covers the unfunded pension liabilities.

Industry committee  No, it clarifies the language and makes it even more clear that you're dealing with all the unfunded pension liabilities.

Industry committee  In our reading of the motions, it clarifies that Bill C-501 covers all unfunded pension liabilities and provides a super-priority. These amendments only make it clearer that that's what the bill does. There was, as some witnesses expressed, some discussion as to whether or not

Industry committee  Bonjour. The way we understand the motions—and this is probably true of all eight of them, because they change the bill in the same fashion but in different circumstances--as a number of witnesses have indicated, the current version of the bill covers all the unfunded pension li