Article that Carole Dubniczky had printed in the Toronto Globe & Mail

Are you a Boomer that has changed jobsover the years and ended up with pension plan that was moved to a Locked inRetirement savings called a LIRA.

Well before you retire you might want to look at this very closely.

The goverment of Ontario did not just lock it upuntil you retire but has made it impossible for you to take this money outand spend it.

Although they did allow the MPP's to move their LIRA intotheir RRSP, the rest of us were not given that privilege.

I think if we are such a large portion of today's population we had better make some noise orwe will be retiring with much less income than we think.

Unfortunately our goverment decided that they should decide for us, how much of OUR money wecould have at retirement.

I knew that the company pension that I paid into was moved into a LIRA when the company went Bankrupt but what I did not know was that it is basically locked up forever and you cannot use this moneywhen you retire.

You are only allowed to take out around 6% which is basically the interest yearly.

I paid my hard earned money for this pension and think this is outright theft.

I believe many people out there are in the same predicament and just dont know it yet.

Saskatchewan has allowed people with a LIRA to move 100% of it to an RRSP and Manitoba has allowed people tomove 50% of it to an RRSP.

I think all of us in Ontario need to get the pressure on to get access to our retirement savings as well.

If we make enough noise we can make it happen.

After all I think the next ProvincialElection is not that far away. There is a lot of information about these LIRA's on the net.

Check it out. And take some time to check if you have one of these.You may have to re-think your retirement if you are depending on this money to retire with.