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, March 29, 2007

Letter to Liberal members and opposition leaders and critics

I dont think I can put the audio file on here. Anybody that would like to receive it . Contact me at l6oldman@yahoo.ca and I will send it. Bill PS it is a clip from CBC Radio 2 Sudbury.

Dear Member of Parliament,

We are sending you this audio clip of two recent interviews that were
conducted on a CBC radio station regarding locked-in pensions in the
province of Ontario. You may have already heard them, however if you
haven't, we feel it would be prudent that you take the time to listen
to what is beginning to happen across the province regarding the
embarrassing and outrageous truth of Bill 27 and of the groundswell of
support of the people in Ontario to unlock their pensions as was done
for privileged Ontario MPP's in 1999, and residents of other provinces
in our country.

This is also to let you know that many of us will not be sitting back
after the slap in the face that has been given to seniors of Ontario
with the 25% unlocking in the Ontario budget.

With CARP and the Ontario Coalition of Seniors, as well as
Newspaper articles, commentary on Radio and Television and an on-line
petition, and in addition to the over 25,000 viewers that Bill
Costello has easily had so far on the internet in Ontario, the support
is rapidly growing and the message is steadily getting out.

As we near the upcoming election, and if the growing public interest
received thus far is any indication, it is only a matter of time before
other major seniors' organizations join the campaign to free their
members from the financial bondage of a paternalistic government. A
government who continues to rule with an unwarranted need to control
the personal retirement savings of their residents to the extent of
essentially creating "wards of the state" with outstretched hands for
their own money, under full government control, until they either die
or reach the age of 90.

We will continue to inform the public that the Government of Ontario
and many privileged MPP's in Ontario think it is okay to have a pension
that is 100% unlocked for themselves at 55 years of age, if they wish,
but not okay for the rest of the other people of Ontario. Four other
provinces in Canada have already rationalized the need to unlock these
restrictive locks for their citizens, as well as the infamous group of
61 MPP's in 1999 courtesy of Bill 27. With these precedents already
set, the time to level the playing field for all people, regardless of
vocation or province, is long overdue.

We assure you, our ever expanding group of advocats will be encouraging
support of the party who has a sincere intention and definitive plan to
end the injustice and double standard that plagues this great province
of ours and who will equally provide an full 100% unlock option at the
earlier of your normal retirement date or age 55 and thereafter for all
currently locked-in pension plan holders.

Thank You

Sincerely,
Bill Costello &
Grant Fleury

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