Set my pension free

March 4 2008 by Ellen Roseman

“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, www.CMASeminar.com (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
www.canadian-money-advisor.ca

12 comments

  1. Jim Hunt

    Mar 6 2008

    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. unlocking pensions

    Apr 21 2011

    This is due to the fact that pensions exist to provide a pension plan member with an income during their retired life.

  3. john

    Feb 7 2012

    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.