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.

Saturday, January 24, 2009

Private Members Bill 116

Hi Everybody ;I thought I would pass private members bill 116 's address in case you would like to look at it .

http://www.ontla.on.ca/web/bills/bills_detail.do?locale=en&BillID=2074

Ted Chudleigh MPP Halton has assured me that he is fully committed to having these pensions unlocked as is his party .

He said if the current government should prorogue parliament he will present it again under a new number .

Please e- mail your MPP and ask him/her to support bill 116 . You could also e-mail Premier McGuinty and ask him to let this bill pass .

We have a petition in the works that I will mail out as soon as it is ready .

On another front a Liberal MPP is also having unlocking pensions 100% put on the agenda for discussion in the next caucus meeting February 4 . There are a number of Liberal MPP's that already support unlocking 100% , with your encouragement maybe we can get more .

I have received a letter from Gilles Bisson one of the NDP candidates that they now have decided to back unlocking 50% . I have asked him why the Turnaround from Andrea's private members bill of 100% . His reply was it was a party decision . I have not yet received a reply from any other of the candidates when I asked what percentage of unlocking they support.

I would ask of you all to mail the 4 NDP candidates and ask them why the change .I thought they always say they are for the people . Do they now feel that we are not competent enough to look after our own money .

We are getting to the stage that I really belive that we are going to succeed in having this cruel legislation changed . We just need the support from all of you and anybody else you can reach out to , to also mail the MPP's of Ontario and ask for LIF , LIRF , LIRA pensions be unlocked 100% .

To anybody out of province that has a locked in pension in Ontario or feels that this unjust legislation should be changed . You can e-mail Premier Dalton McGuinty and ask for change .

dmcguinty.mpp.co@liberal.ola.org

Until I have further Information , Take Care Bill Costello ,
The Ontario Coalition of Independent LIF Holders
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