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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, November 16, 2008

Liberals Hypocritical on Pension Unlocking

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Liberals hypocritical on pension unlocking :

This is a letter sent out to all Liberal MPP's .

Mr Duncan ;

Thank you for responding to my letter . Even though your response was still the Same Old , Same Old .

I would like to quote you on some of your response .

Quote " As you mentioned, some MPPs voted to unlock their RRSP-type retirement arrangement in 1999 "

" This legislation was passed by the former government despite the objection of Liberal MPPs . The Liberal Caucus Opposed to compleat unlocking in 1999, and its views remains consistent . "

You are Correct in the above statements .

I would like to now Quote for You also what Your Premier said at that time .

" I want to make it perfectly clear in this House today that I and my party will have none of it."

Dalton McGuinty plus Jim Bradley , Michael Brown , Sean Conway , Elinor Caplan , Monte Kwinter , Lyn McLeod , Gerry Philips , David Ramsay , Tony Rupercht , Richard Patten , and the list goes on took all of it . 100% Unlocking !!!!!!

Don't you think Mr Duncan that Your party is being a bit Hypocritical ,letting members take all of it when they retire ,when your leader said " MY PARTY WILL HAVE NONE OF IT ".

You Can be sure of one thing Mr Duncan that I and The Ontario Coalition of Independent LIF Holders will continue to inform the Seniors of Ontario who all the members of the Liberal Party are that will have 100% unfettered access to their pensions on retirement .

Where as any other citizen of Ontario has to wait until they are 90 Years of age OR DROP DEAD so they may receive the same privilege.

To Me Sir HYPOCRITICAL is not a strong enough word for the disparity and hardship You and the Liberal Party are forcing on the SENIORS of this Province .

People that worked hard all their lives . People that saved all their lives for a comfortable retirement ,
And now You Sir and your party are denying them their own money in their golden years .

Bill Costello , The Ontario Coalition of Independent LIF Holders .
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