Military Retirees Against CFSA Benefit Reduction at age 65
Recently the Government of Canada released to the Armed forces Pensioners’ / Annuitants’ Association of Canada (AFP-AAC) the Annual reports of the Canadian Forces Superannuation 2003-2005. Note that, despite the previous withdrawal of 16.5 billion dollars from Military Annuity funds, the depletion of our retirement Annuity surplus funds continues.
In the 2003-2004 report, it is noted that $630,000,000.00 was retired from the CFSA surplus account. The 2004-2005 report indicates that no funds were “withdrawn” from the accounts and that there was a surplus of $1,099,013,000.00 that year.
The Government of Canada continues to mismanage the economy of our Country on the backs of the Military Pensioners, by depleting their Annuity surplus account. It’s time for The Prime Minister to step-up to the plate and takes a bold, decisive stand to put a stop to the injustice of claw backs to the Military Personnel Annuity when we attain age 65.
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