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.

Sunday, August 16, 2009

A Politician who doesn't support seniors

Hi All .It has been pretty quiet lately as we are waiting until the next election draws closer.In the meantime I thought I would post one of the letters sent out to let you all know we are still here .

Regards Bill C.

Good evening Liz Sandals, Liberal MPP, Guelph

Here is a small test for you. The subjects tested will be math and history. --------------------------------------------------------------------------------
Part (A) - Math1.) 100% = 50% [TRUE or FALSE]

2.) 55 = 90 [TRUE or FALSE]3.)

$0 = $millions [TRUE or FALSE]
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Sorry Liz Sandals, you failed part (A).

By voting NO to Bill 116 (Pension Benefits Amendment Act (Unlocking Pension Funds)) on May 14th, 2009, you told Ontarians that each of the above equations is TRUE. By your vote you said ...........

(I) 100% access to locked-in retirement accounts for 20 Liberal MPPs is equal to 50% access to locked-in retirement accounts for all other Ontarians

(ii) 100% access at age 55 (and retired from the Legislature) for 20 Liberal MPPs is equal to 100% access at age 90 for all other Ontarians

(iii) $0 collected by the Financial Services Commission of Ontario from 20 Liberal MPPs who are allowed 100% access at age 55 is equal to $millions collected by the Financial Services Commission of Ontario from all other Ontarians who are forced to beg for additional access to their locked-in retirements, given they are denied 100% access until age 90

Liz Sandals, the numerical values in these equations are not equal.

Let's see how you do on part (.
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Part ( - History

(Quotes)1.) "I want to make it perfectly clear in this House today that I and my party will have none of it." [ACCURATE QUOTE or MISQUOTE]

2.) "Let me repeat again: It is wrong and it is immoral." [ ACCURATE QUOTE or MISQUOTE]

3.) "There's absolutely no reason in the world why members of Parliament should get access to a retirement benefit that is not available to everybody else in this province should they be in a position to have a retirement benefit."[ACCURATE QUOTE or MISQUOTE]
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Sorry again Liz Sandals, you failed Part ( also.

By voting NO to Bill 116 on May 14th, 2009 you said the statements above were all misquotes.

They are not.

They are accurate quotes of what Dalton McGuinty, Sean Conway and Michael Gravelle respectively told Ontarians in 1999 prior to the passage of Bill 27 (An Act To Amend The Pension Benefits Act And The MPPs' Pension Act). These quotes are straight from the Hansard.In 1999, 61 MPPs including 20 Liberals, courtesy of Bill 27, were allowed full unlocking of their own locked-in retirement accounts. No other Ontarians were, or ever have been, allowed this same privilege. In 1999, your party called such privilege for MPPs only ...... Totally unusual, totally outrageous, totally beyond belief, inequitable, hypocritical, wrong, immoral, offensive, a double standard etc. (See attached quotes from the Hansard ....
Spoken on the days indicated)In 2003 when your party became the government, instead of honouring your words from 1999 and revoking Bill 27 just as fast as you invoked the new health tax, you chose just to keep silent about the incredible unlocking privileges given in 1999 to 20 Liberal MPPs including Jim Bradley (former Minister Responsible for Seniors), Michael Brown, Sean Conway, Bruce Crozier, Monte Kwinter, Dalton McGuinty, Lyn McLeod, Gerry Phillips and the list goes on.

Today these 20 Liberal MPPs still have their fully unlocked locked-in retirement accounts despite Dalton McGuinty having told Ontarians on December 15th, 1999 .......... "I want to make it perfectly clear in this House today that I and my party will have none of it." Having observed you in action for many years, first as a school trustee, then as a Board Chair and finally as President of the Ontario School Boards' Association I never thought you capable of voting down legislation (Bill 116) that would guarantee equality for all, in this case equality for pensioners who own locked-in retirement accounts.

Even more disturbing is your silence since 2003 as elderly couples under the age of 90 have repeatedly been refused full access to their locked-in retirement accounts by the Financial Services Commission of Ontario (FSCO).

Sadly, after the spouses who owned these accounts have passed away though, FSCO immediately unlocks them for the surviving spouses.

Wow! By your silence you deem it proper that only a widow or widower be allowed full access to a locked-in retirement account, not full access for the elderly couple while both spouses are still living.

Such treatment of seniors is cruel beyond measure given 20 Liberal MPPs including Jim Bradley, the former Minister Responsible for Seniors are still allowed 100% access to their own locked-in retirement accounts at age 55 (and retired from the Legislature) even though your party voted NO to such privilege and your party called such privilege ...... totally unusual, totally outrageous, totally beyond belief, inequitable, hypocritical, wrong, immoral, offensive, a double standard etc.

Your colleague in both politics and education, Kitchener-Conestoga Liberal MPP, Leeanna Pendergast saw through all this hypocrisy.
She voted FOR Bill 116.

The question is ... why didn't you?If you choose not to reply, be assured many times before the next election you will be asked publicly why you support a double standard regarding locked-in retirement accounts.

"There's absolutely no reason in the world why members of Parliament should get access to a retirement benefit that is not available to everybody else in this province should they be in a position to have a retirement benefit."
Liberal MPP, Michael Gravelle ... December 14, 1999

K. Elliott
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