WELCOME

I was surfing the Internet one day and I noticed that Saskatchewan had unlocked their citizens locked in pensions 100% when they were transferred from a locked in retirement account ((L.I.R.A.)) into a Fund where they would be able to start collecting from . (( we will call the unlocked fund a registered retirement income fund R.R.I.F. )) The name varies a little bit Province to Province. I was surfing a bit more and I found that Manitoba had Unlocked 50% of the locked in funds in their province for their people. (( They are currently being lobbied to unlock the remaining 50% )) I then begin to think (( and that is hard to do sometimes )) Ontario being a progressive Province. Why is Ontario not unlocking these funds for their people. Considering that this is very unjust and cruel legislation keeping these funds Locked in when a person reaches Retirement age. Many of us were lead to belive when we contributed to the Defined Contribution Fund and reached the age of retirement that we could draw on our funds at will. Not be controlled by the Government and only allowed to remove basically the interest on the funds from 2.5% to 11% depending how good the fund was doing. This our OWN MONEY not Government Money. It is not OAS or CPP.

Monday, September 24, 2007

Invitation


MEDIA ADVISORY/INVITATION

CARP FIGHTS FOR COMPLETE ACCESS TO LOCKED-IN-FUNDS

FOR ALL ONTARIANS BY AGE 65

Proposed policy will enhance equity and quality of life for LIF holdersToronto, Ontario,
September 19, 2007
– On Wednesday, September 26, at 10:30 a.m., Canada’s Association for the 50 Plus (CARP) will hold a press conference to urge the Ontario government to unlock LIFs for all Ontario LIF holders.
CARP, in conjunction with the Ontario Coalition of Independent Locked-in-Fund Holders (OCILFH), proposes that 50 per cent of the principal in a LIF should be unlocked at age 55, with an additional 50 per cent unlocked at age 65.

450,000 Ontario LIF holders are seeking equity with the 61 Ontario MPPs who were allowed to unlock their LIFs; CARP urges the government to follow the example of Saskatchewan which has unlocked LIFs 100 per cent.

When: Wednesday September 26, 2007 @ 10:30am

Where: CARP’S National office, 27 Queen Street East, Suite 1307, Toronto, corner Victoria.

Who: Speakers will include preeminent tax expert, Professor Jack Mintz, leading actuary Malcolm Hamilton, Dr. W. Gleberzon, CARP’s Director of Government Relations, with a message from financial author and publisher, Gordon Pape.

Personal testimony by LIF holders will also be presented.

Contact: Michelle Taylor at 416-363-8748 ext. 236 or at m.taylor@50plus.com
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