Hi All ,
The turn out for support was disappointing .
The names of the supporters were .
Ted Chudleigh PC , Ted Arnott PC , Ernie Hardeman PC , Jerry Ouelette PC , Peter Shurman PC , Cheri DiNovo NDP , Leeanna Pendergast , Liberal .
I have sent the above a thank you for their support . If any of you would like to send them a thank you ,feel free to do so .
I will list the 26 against unlocking our own money tomorrow.
Take Care Bill C
Liberals Vote Against Ontario Seniors
Government rejects Halton MPP’s campaign for respect and independence
(Queen’s Park – May 14, 2009)
Today Liberal MPPs voted against a Bill that would have given Ontario retirees more control over their own pensions.
Bill 116 was introduced by Halton MPP Ted Chudleigh and would have changed the law so that seniors could access 100% of their locked-in pension money.
Currently, retirees are only able to access half of their accrued assets.
“For too long, the government has rationed out locked-in pension money to seniors like parents giving allowance to their children,” said Chudleigh.“My Bill would have ended this disrespectful practice and given seniors the independence they have earned.
”The reason why Liberals don’t want seniors to have full access is because they think that retirees are not wise enough to manage their finances in the long-term, explained Chudleigh.
“What do you have to do to escape the McGuinty nanny-state?” asked Chudleigh.“Our seniors have proven themselves through lives that embodied responsibility and wisdom. But the McGuinty Liberals think they’ll blow all their cash and become wards of the State. That’s just insulting.
”Chudleigh pointed to successful legislation in Saskatchewan passed in 2002 that allows retirees 100% access to locked-in pensions.
“I haven’t heard of any wild and uncontrolled spending sprees by Saskatchewan seniors,” said Chudleigh.“They’re proof that the current legislation is out-of-touch with reality. Sadly, today the Liberals voted based on ideology and ignored the real concerns of their senior constituents.
”The vote on second reading on Bill 116 was lost by a count of 7-26. All votes against were from Liberal MPPs while the Bill received support from all present PC and NDP Members. MPP Leeanna Pendergast was the sole Liberal supporter of the Bill.
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For further information contact:
Ben Ellis 416-325-5747
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.
Thursday, May 14, 2009
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