Pension Press Release

Hi Everybody ;

Feel free to pass on to your news papers and contacts .

Regards Bill C

For immediate release

Chudleigh Reads Locked-In Pension Petitions at Queen’s Park

Seniors Seek Independence and Respect through Halton MPP’s Private Members Bill

(Queen’s Park - April 27, 2009)

Today in the Ontario Legislature, PC MPP Ted Chudleigh (Halton) read into the record some of the first of hundreds of signatures which call on the Ontario government to allow retirees one hundred percent access to their locked-in pension accounts.

The McGuinty Liberals recently raised the allowed withdrawal of locked-in funds to fifty percent but Chudleigh says that doesn't go far enough.

“For too long, the government has controlled the hard-earned pension money of Ontarians, rationing out pension income like parents giving allowance to their children,” said Chudleigh. “During these trying economic times, seniors need financial flexibility not financial shackles.

”The petition calls for all-party support for Bill 116, Chudleigh’s Private Member’s Bill which would allow retirees to transfer accrued pension assets out of locked-in funds at the time of retirement, as early as age 55.

“Unlocking pensions means respect for seniors, a boost for the economy and a step towards fairness for Ontario and all its citizens,” said Chudleigh. “It is an optimistic idea that places faith in the individual above the heavy hand of government.

”Chudleigh said that the current system assumes that seniors are not responsible enough to manage their own retirement finances.

“Considering that retirees have generally shown fiscal wisdom and prudence throughout their lives, through the sound management of accounts and investments, as owners of houses and automobiles, as parents and grandparents, through community involvement, and as valued employees and employers, it is not right that they are treated with such disrespect,” said Chudleigh. “It’s time we start treating seniors like adults.

”Bill 116 will be debated in the Legislative Assembly on May 14th, 2009. Chudleigh plans to read the petition regularly before that date.

To view a copy of the petition, please visit:http://www.tedchudleigh.com/files/symlink/...onspetition.PDF

For information contact:

Ben Ellis @ 416-325-5747

Date Change

Bill 116 Second reading date has been changed .

There has been a sudden change announced by the Speaker’s Office.

Ted’s Private Member’s Business day has been moved up one week. Therefore, Bill 116 will be debated on May 14th instead of May 7th. It seems there was some sort of scheduling error.Ted has received a good number of petitions and these will be read in the legislature starting Thursday and periodicly leading up to the second reading of Bill 116

Take Care Bill C

THANK YOU

Hi Everybody;

I would like to say a great big THANK YOU to all of you that sent in e-mails to the Premier and Finance Minister of Ontario as well as sending letters to the MPP's of all party's .

I would also like to say a BIG THANK YOU to Susan Eng and CARP for their continuing efforts in having these pensions unlocked .

I would also like to thank you for the time you have taken to go out and get petitions signed in support of Bill 116.
The petition will be read by various MPP's of the Conservative Party in the legislature starting shortly .

If you haven't sent in your petitions yet , you can send them in now. If you haven't yet got one filled out .
It is not too late . Better Late then never .

The petition can be found here . Http://www.tedchudleigh.com/petitions

Well We All have finally convinced the Liberal Government to unlock a additional 25%.

While this is a nice gesture and we are thankful this is not enough !!!!!

Why should Government be interfering in a persons own private pension savings ?? We do not need government telling us how we should set up our budget for retirement.

We in LIF pensions do not have the protection of company pension plans . We do not get Government Bail Outs .

We say how our money is invested the same as a person with a regular unlocked RRSP.

Why ???? Then should we be treated differently and have our money locked in ?

We make our own GAINS and SUFFER OUR OWN LOSSES . WE do this with no help from government .

Why then should Government be DICTATING how our money is spent during our retirement years .

LAST BUT NOT LEAST .

Why should WE and the TAX PAYER be shelling out millions of dollars to FSCO to regulate these funds.

It Just doesn't make sense . ANOTHER TOTAL WASTE OF MONEY BY GOVERNMENT !!!

Anyway . THANK YOU AGAIN for all the time you have put into this.

Bill C PS> This isn't over yet . We do not have 100% . More letters are needed to MPP's .