Set my pension free

“Please release me,” was the cry I heard from many locked-in pensioners after my column ran last Sunday.

CARP is running a campaign to unlock pension savings 100 per cent in Ontario, as Saskatchewan has done. (Remember that Saskatchewan was the driver behind a national medicare plan.) Only when they hear from citizens, supported by expert testimony, do politicians really push to get laws changed.

I only heard from one dissenter. His comments and others are shown below.

By the way, here’s information about an interesting event taking place tonight:

EVENT: Gail Vaz-Oxlade Teleseminar, March 4, 8 PM EST, 1 hour, (this will redirect you) or call 724-444-7444 Call ID: 13373#
We have room for 250 people, so all are welcome: Monty Loree – Founder

Author: Ellen Roseman

Consumer advocate and personal finance author and instructor.

12 thoughts on “Set my pension free”

  1. Another side…. Since age 58, I have been “ineligible” for the Pension Income Amount (line 314) on income from my LRIF which was created (the LIF was anyway) from my DB plan when my employer went out of business. How am I any different from my wife (a retired teacher) who is eligible on her pension income???

  2. Hi, I am looking to take the commuted value of my pension and invest it in my small realty corporation. It is an OMERS plan.

    Would this be taxed, since I am buying shares in a provincial company?

    Haven’t been able to find much info on this.

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