Premier Dalton McGuinty is warning that Ontario's pension plan safety net isn't large enough to cover auto workers should GM go bankrupt.

He says the Pension Benefits Guarantee Fund has about $100 million in it – money that comes nowhere near meeting any liabilities for the auto sector alone, to say nothing of all the other troubled sectors.

McGuinty wouldn't say whether he agreed with Ottawa's assertions about the likelihood of bankruptcy for GM and Chrysler and maintains he's committed to helping the sector.

Regardless of what happens, McGuinty says there's a "real pension issue" and the government bears some of the responsibility for it.

The Pension Benefits Guarantee Fund has provided pensioners with up to $1,000 per month in the case that a pension plan fails to provide its full benefit, or any at all.

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