For Immediate Release
July 6, 2007

SCOTT SAYS ONTARIO SENIORS DESERVE PENSION FAIRNESS
Give seniors full access to locked-in pensions

(City of Kawartha Lakes, ON) – Member of Provincial Parliament Laurie Scott (Haliburton-Victoria-Brock) said today it’s time to unlock pensions for seniors and retirees so they can access and manage their own money as they see fit.

“Ontario’s seniors and retirees built the foundation for the strong Ontario we know today. They deserve to have control over their hard-earned retirement savings,” said Scott. “I’ve heard from seniors and retirees who have stated clearly that the current rules are too restrictive.”

The plan Scott suggested would give Ontarians 100 per cent access to their locked-in pension income. This would mean seniors and retirees would have access to 50 per cent of their pension at age 55 and the remaining 50 per cent at age 65.

“It’s only fair that Ontario seniors and retirees to have control over their own money and better plan for retirement based on their own needs,” said Scott. “Ontario’s pension regulations present unnecessary challenges for seniors and retirees looking to transform a lifetime of hard work into financial freedom.”

“This is a simple change to Ontario’s pension rules with no cost to the taxpayer that respects the wishes of these individuals to manage their money as they see fit,” added Scott. “If we are going to remove barriers and give Ontarians the fairness and peace of mind they deserve, then leadership matters.”

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For Further Information Contact:

Laurie Scott, MPP

705-324-6654

1-800-424-2490