No they are talking about the public sector DB plans, too - including CPP, the Caisse de Dépot (Quebec), Teachers' Pension Fund, etc. . Some of these plans are fully funded, others are not. And don't be so sure about the future of these public sector DB plans being "ironclad". For instance, the Teachers' pension fund benefits (also OMERS' and HOOP's,  for Ontario's municipal workers and hospital workers, respectively) do not have guarantees by the Ontario government. Provincial and federal civil servants have DB plan benefits that are  supposed to be backed up by the respective governments, but there are no real, long-term guarantees where governments are involved.