A perfect example of why the CPP should be expanded and DB/DC plans scrapped.  Employee contributions would be safe and secured and more importantly, employer contributions wouldn't be available for corporate raiders or iffy bookkeeping or other questionable activities by businesses and corporations.

Telling someone who makes minimum wage to save for retirement when their employer doesn't provide a pension or runs off with the pension money is corrupt and should be criminal.  

Changing legislation so that higher contributions can be made by both employers and employees makes more sense than taxpayers being on the hook bailing out people left high and dry by crooks and thieves functioning under putative business models.