Old Age (In)Security
Posted by Erin Weir under Old Age Security.
February 8th, 2012
Comments: 1
Here is an overview of today’s timely Canadian Centre for Policy Alternatives paper on Old Age Security:
Old Age Security (OAS) is the basic building block of Canada’s retirement income system. Canadians build on that foundation, saving for their retirement with benefits from the Canada or Quebec Pension Plan, a workplace pension if they’re lucky enough to have one, and private savings. This short technical paper explains how OAS works, and also sheds some light on the negative impact of increasing the OAS age of eligibility, the program’s sustainability—the number of OAS beneficiaries is expected to almost double over the next 20 years—and several other important considerations for both seniors and younger workers.
Comments
Comment from T Manderly
Time: February 11, 2012, 6:41 pm
Could the government be using the OAS cut to distract from his gross economic mismanagement?
Or maybe the coming slashing of essential public spending expected in the budget?
Related articles
- Later Retirement: A Win – Win Solution? (April 12th, 2012)
- How Much Will YOU Lose from OAS Deferral?? (March 30th, 2012)
- OAS, the Budget and the Baby Boomers (March 30th, 2012)
- Budget 2012: Pennywise But Pound Foolish (March 30th, 2012)
- The Illusory Savings of Hiking the Age of Eligibility for OAS (March 27th, 2012)
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