Mr. Speaker, we clearly do not have the same definition of financial security. This bill clearly indicates that the administrator administers all the plan assets, pays himself management fees, a margin, bonuses and that anything left over goes into the fund.
The plan member has no guarantee of a return. Even worse, the member cannot plan his retirement because he will have absolutely no idea of the amount accumulated. Can that be called a pension plan? It certainly cannot. Above all, there should not be closure on this bill, especially in light of the fact that Nortel could lose $7 billion that could be directed into its pension fund. And yet, the government is not doing anything. Why not?