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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, March 23, 2009

Bill 116 Petition Reminder

Hi Everybody ;

The time is getting closer to hand in the petitions to unlock locked in pensions Bill 116 . We would like them sent in by April 10th .

If you haven't downloaded a petition yet . It can be downloaded at Ted Chudleigh's web site .

www.tedchudleigh.com/petitions

Please don't procrastinate and think the next person will do it . If everybody takes that attitude , We are then dead in the water .If we want these pensions unlocked we have to show that there are a great number of people behind unlocking.Have your family , children (( There is no age restriction )), friends , neighbors and whoever sign .

Please also pass this on to any contacts you have and also ask for their help .

We Can Do This !!!

The Petitions can be mailed to . Ted Chudleigh , Room 450 Legislative Building , Queen's Park , Toronto , Ontario , M7A 1A8

Or you can mail to me and I will bundle them up and send them on .Bill Costello , 6 Chub Lake Road , Box 56 , Atikokan Ontario , p0t 1c0

With the economie the way it is there are more and more people everyday that are ending up in locked in pensions .
If these pensions were unlocked it just may help some people bridge their way into retirement instead of having to rely on social assistance .

Thank You and Take Care , Bill Costello , The Ontario Coalition of Independent LIF Holders
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