Bad policy in every way and bad reporting.

Bad policy: PBGF is underfunded, any settlements will cost Ontario taxpayers. The companies pay into the PBGF but not nearly enough, taxpayers make up the difference.

Bad policy: There are 10s of thousands of DB plan members that have unilaterally and arbitrarily been removed from PBGF coverage. GM Canada, Algoma Steel, etc. They see no benefit from the increase in PBGF maximum.

Bad reporting: The PBGF does NOT top up pension payments. It makes up a portion of the monthly shortfall but still leaves the pensioner receiving less than they are entitled to.

Bad policy: Reducing funding levels will result in greater losses for DB pensioners when companies choose to restructure. Nortel lost 40%+, Stelco ?

Bad policy: Pensioners losing benefits and pension will rely on taxpayer funded services.

Liberals letting big business fund executive bonuses at the expense of the taxpayer.