Dear Politician

If you don't increase my CPP, I will vote you out of office. In turn, I want your pension confiscated. You have not lived up to your fiduciary duty. There are millions of us and we will not suffer silently. Believe me, you will feel the pain at the ballot box for decades. I have paid into CPP for 42 years. Don't tell me to work longer. Don't tell me you don't have the money. Don't blame the stock market. It was incompetent to speculate with my money that you invested on my behalf, when I am this close to retirement. Only speculate with money that doesn't have to be paid out for at least 10 years. Refund immediately to me whatever bonuses you have taken from my assets. You didn't earn them. And if the CPP is broke, why are you able to spend billions to buy stocks in a crippled market place?

Sincerely,

Mike Clancy

Tags: CPP, pension

Views: 35

Replies to This Discussion

I agree, and after talking to other CPP recipients we are fed up with the dollar gouging. In my own case I bought my own home in 1997, I used $9000 RRSP to pay for the down payment. I have reported $641 as additional income every year since. I got a letter from Old age pension 2 months ago saying that I will have my supplement and cpp reduced by $120 per month until $641 is repaid and then I will receive $75 per month less from there on in.This on reported income, whats that?
I agree that we as recipients of the old age pension, CPP and supplement were to on mass speak to the government, they would be forced to listen.
Another gripe of mine is why is every government official can not look beyond next year when it comes to planning. The only thing they count on is that we will have to pay taxes and how do they spend every cent remitted here and now. There is no taking responsibility by any of them.
Am I po's you bet I am
Your example is a very good one. It doesn't make sense to me to reduce your pension.

I also like your point about politicians not looking more than a year ahead. For anyone who is retiring over the next 10 years, our pension security is based on money that was invested over a long period of time. It doesn't make any sense to reduce our pension entitlement because of a market event that took place recently. Our CPP deductions have been invested over the longest sustained boom cycle in history.

Robin Kilburn said:
I agree, and after talking to other CPP recipients we are fed up with the dollar gouging. In my own case I bought my own home in 1997, I used $9000 RRSP to pay for the down payment. I have reported $641 as additional income every year since. I got a letter from Old age pension 2 months ago saying that I will have my supplement and cpp reduced by $120 per month until $641 is repaid and then I will receive $75 per month less from there on in.This on reported income, whats that?
I agree that we as recipients of the old age pension, CPP and supplement were to on mass speak to the government, they would be forced to listen.
Another gripe of mine is why is every government official can not look beyond next year when it comes to planning. The only thing they count on is that we will have to pay taxes and how do they spend every cent remitted here and now. There is no taking responsibility by any of them.
Am I po's you bet I am
I agree with what you are saying. In reference to planning, Isee that in order to qualify for CPP you must have resided in Canada for ten years but apparently there is a mpp in Brampton who would like to make immigrants eligiblefor CPP after only residing here for three years.I like you folks have contributed for a lot more than three to ten years. Would we be entitled to these same courtesies if we chose to move to their country? I think not.Canadians need to protect their investments, and not trust the politicians to do that.
What you say is`very true. I as a rule just let the Goverment truddle along until i read about that.
I say they do not get ccp nor oas after three years here. I can make way in so far as they would be allowed to transfer any plans they had in there country of birth to Canada in order to receive. When each one of us started working we were showen our canada pension contrabutions then through to first able to receive.
When it is announced that the CPP and OAS will not be what we workers had expected, and planned on, why do I feel that this will not affect the pensions of the politicians in the slightest? For the past 20 years I have been able to work only part time, which means that my CPP will be substantially reduced anyway. I spent years at home raising a family as well, a job none of them would care to do. Even suspending Parliament doesn't bother the politicians, in the main, so what is one to do but vote with one's feet? Next year is the year I retire and look forward to it, however, poverty is not what I worked for. None of us have and none of us deserve to be rewarded in this way. The politicians can spend money better than anyone who works for their money, and much more quickly as well. Then they are surprised that there is a deficit! We "mere mortals" (to quote Dale Goldhawk) know that if you spend more than you earn, this is the result. When will they? Not in time to serve our pensions it seems. Time to change this sytem!
I totally agree. I happen to know how much these people get for a pension and it is soooo much more than what they pay us in CPP it is a crying shame.

I think a petition is a good way to start. Also, each of us should phone and write to our rep. and tell them it is our turn!!!

RSS

Members

Community Activity

Lynn Perrier commented on Nadine's group Writer Wednesday
"Is this only for people who have blogs? I don't have a blog but I would like to participate."
1 hour ago
alexander Mollison commented on alexander Mollison's group The Kitties
"happy thanksgiving to all the kitties Friends from the kitties"
1 hour ago
Nadine commented on Nadine's group Writer Wednesday
"Wonderful, thanks for the help, Laura. Much appreciated."
3 hours ago
goldie080 commented on goldie080's video
4 hours ago

¬© 2014   Part of the Zoomer Interactive Network.

Badges  |  Report an Issue  |  Terms of Service

google-site-verification: googlef2bf84fe9dda65cb.html