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Anne Lai's Submission in Response to Finance Canada's Regulatory Framework for Federally Regulated Defined Benefit Pension Plans consultation:

Because nothing is for certain and life styles certainly can change at the drop of a hat, sometimes the only large amount of cash we may ever accumulate in our life is our RRSP and when we have that we should be allowed to at least "borrow" from it for certain situations but in the case of a locked in RRSP, we have no option--our money is tied up until 65. We would be paying taxes on the cash if allowed to remove it anyways so the government would always get their share. We should also have the option to change the investment of our RRSP funds. Because of employer choice, I am stuck with a group RRSP which will not give me much in the way of retirement funds so I will have to rely on CPP, OAP and GIS but if I had control of those funds and could invest them as I have done a small amount of person RRSP's, I know that I would have a better income and not need to rely on the CCP, OAP and GIS as much and therefore leave more $ in the pot for other retirees who have no other RRSPS. Please change the rules and allow us to access these locked in RRSPs. Thank you,

Sincerely,

Anne Lai