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 .
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.
Monday, April 6, 2009
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