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.

Tuesday, March 27, 2007

A letter from my friend Bill Nafziger

Hi all,We appear to be gaining momentum across the province as per an article in the Toronto Sun.
MPP Andrea Horwath introduced private members bill 175 to unlock locked in pensions just prior to Christmas which may/may not pass but will highlight this social injustice for Ontarians. Bill 175 is strongly supported by CARP (Canadian Association of Retired People) with over 200,000 members in Ontario alone.
Recently the Stratford Beacon Herald featured an article on locked in pension funds and a television interview on the A channel resulted in phone calls requesting further information and offers of assistance.
Please support Ontarians across the province lobbying to unlock locked in pensions by:
- accessing the petition on line (search for “petition to unlock locked in pensions”) on line and have interested people sign it on line including their comments which Andrea can present to the legislature on a continuous basis.
- write/email a letter to the editor of your local newspaper requesting the Ontario Government to unlock your pension money.
- visit, phone, email, write a letter to your MPP including their leaders urging them to unlock locked in pensions (search “MPP followed by your MPP’s name to get their email address, etc.)
email : Dalton McGuinty dmcguinty.mpp.co@liberal.ola.org
Minister Responsible for Seniors jbradley.mpp.co@liberal.ola.org
Howard Hampton hhampton-qp@ndp.on.ca
MPPs across Ontario are becoming aware of the locked in pension equity which was unlocked for MPPs using Bill 27 and which 61 MPPs of all parties took advantage, costing the Ontario taxpayers in excess of $20 million.
The current Minister Responsible For SENIORS in Ontario is Liberal MPP Jim Bradley who took advantage of Bill 27 at the public trough to unlock his locked in pension. MPP Bradley’s silence on the unlocking your pension money reflects political integrity at its worst level. Are MPPs more competent that you are to handle your pension money?
The provincial election slotted for October 4 may make the MPPs receptive.
Best Regards,Bill Nafziger
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