Hi Everybody ;
I just thought I best let everybody know . Even though the McGuinty Government has opened up 50% unlocking of Ontario LIF's .
We are not letting up . We still need the petitions sent in supporting Ted's Private Members Bill 116 .
If we have a little bit of luck on our side we could get the Bill passed if McGuinty allows a free vote and we have the support of the Conservatives and NDP .
If not at least it will be a good launch into the next election and at that time I am sure the party that gets in will unlock these pensions fully with protection of RRIF's from creditors . If the people of Ontario vote in this so called Premier again . Then all I can say is we deserve what we vote for .
Take Care Bill C
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, March 28, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment