Canada’s seniors now have the option to delay receiving their old age security for up to five years past the age of eligibility.
In Canada, there has been a lot of talk about the current public retirement system and how it should be improved. But how does Canada’s program shape up against others?
An NDP government would reverse changes to Old Age Security (OAS) by restoring the retirement age to 65 instead of 67, New Democrat Leader Thomas Mulcair said Friday. Speaking at a town hall meeting sponsored by the seniors’ organization CARP, Mulcair said the NDP would kill the changes within its first year of forming a […]
Ottawa's move to increase the age of eligibility for old age security (OAS) and guaranteed income supplement (GIS) benefits to 67 from 65 could end up saving government more than $10 billion a year by the time it's fully implemented, according to a report by the auditor general.
Two rather contentious reports on public sector pensions were published recently—one by the Canadian Taxpayers Federation (CTF) and one by the Canadian Federation of Independent Business (CFIB) . While they obviously constitute an attack on public sector pensions, they also bring attention to an apparently untenable position held by the federal government.
As of July 1, 2012, the maximum basic OAS pension benefit paid to people 65 years of age and older will increase by 0.9% to $544.98 per month.
CARP appears to be getting little industry support in its resistance to the federal government’s raising OAS eligibility from age 65 to age 67.
Here’s a twist. In a trend completely at odds with the rest of the world, France has made a move to lower its retirement age for some workers, from 62 years to 60. And critics are saying it could be a costly mistake.
It seems the idea of expanding the Canada Pension Plan doesn’t die easily. The NDP hasn’t let it go, nor has the Ontario government who, with their March 27 budget, reiterated their preference for a “modest, phased-in expansion of CPP” over pooled registered pension plans (PRPPs).
CARP appears to be getting little industry support in its resistance to the federal government’s raising OAS eligibility from age 65 to age 67.