Federal Superannuates National Association (FSNA)

Federal Superannuates National Association (FSNA)

November 28, 2008 14:45 ET

FSNA: The Federal Government Should Do More For Seniors

OTTAWA, ONTARIO--(Marketwire - Nov. 28, 2008) - The Federal Superannuates National Association (FSNA) congratulates the government of Canada for recognizing the need and placing priority on creating an equitable and fair pension system for Canadians during the Finance Minister's economic statement.

"FSNA has been urging governments to consider a more comprehensive pension system for working Canadians", said Dennis Jackson, FSNA National President. "The federal/provincial/territorial Finance Ministers meeting to be held in December 2008 is a significant opportunity to begin the consultations and discussions that will be required to bring about major changes to the pension landscape."

FSNA does not believe that the one-time, 25% reduction to the required minimum withdrawal amount from RRIFs goes far enough to support seniors. "Elimination of mandatory withdrawal is needed to provide seniors with the financial flexibility and independence they deserve", said Jackson. FSNA calls on Minister Flaherty to reconsider the mandatory RRIF withdrawal issue when preparing the Budget 2009.

About FSNA

FSNA is the largest and most influential advocacy group for federal retirees. As a not-for-profit association with more than 160,000 members, FSNA is recognized by the Government of Canada as the major representative of pensioners - and their partners, and survivors - from the Public Service, Canadian Forces and the Royal Canadian Mounted Police and of retired federally appointed judges. FSNA's mission is focused on protecting the interests and improving the benefits of pensioners.

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