Unlocking Locked in Pensions: Locked in Pension Survey

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.

Tuesday, December 11, 2007

Locked in Pension Survey

Hi All;This is a survey I would recommend filling out. It is being done in British Columbia and recomended by CARP.

Every province that unlocks pensions helps us accomplish it in Ontario and Federal.

It does not matter what Province your pension is in or if it is Federal.

Everybody can fill this out if they wish.

Please also send this on to anybody you know that has a locked in pension.

Regards Bill Costello

You're invited to participate in a survey about retirement planning and private pension plans.

Will your pension be there for you?

• Do you have a private pension•

Have you ever needed ‘instant access’ to your locked-in private pension funds? • Would you like to have the option to ‘instant access’? If you answered ‘yes’ to any of the above questions then we want to hear from you!! Please find below a link to a survey about retirement planning and private pension plans.

Survey results will be used by Simon Fraser University researchers to generate policy alternatives with respect to the locking-in of private pension benefits.

CARP is happy to help with the research and urges former private pension members to complete the survey as thoroughly as possible. This survey is voluntary and you can withdraw at anytime. Your responses are confidential and will not be distributed to third parties. In clicking on the below link you are consenting to participate in this study:

http://www.surveymonkey.com/s.aspx?sm=1DGgy793z6lQC0QFeX40_2fA_3d_3d

We thank-you in advance for your contribution to this important research.