Mr. Speaker, I was glad that the member talked about the Canada pension plan and the investment it truly is for Canadians. No doubt we need to plan for retirement with an aging population. We do not need to pass the buck or kick the can down the road. However, where the New Democrats differ from the Liberals is on the issue of pensions in the private sector, where, as he noted, pensions are becoming rare.
In the case of Sears, for example, workers have already paid into their pensions as a deferred wage. They signed a contractual agreement upon employment. Money was taken out of their paycheque and put into another fund. However, those workers are now getting ripped off through the bankruptcy laws we have in Canada, which allow corporations and CEOs and a whole series of other entities to come first, before the workers can receive their deferred wage of a pension.
I would ask the member to address that issue and describe where his government might be on it. We have had this issue with so many people across the country, and it is a good example of the need to modernize our Pension Act. The member believes that investing in pensions is good for us and for our workers, but when we have theft by the companies during bankruptcy, in my opinion, it needs to change.