Old Age (In)Security

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.

One comment

  • 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?

Leave a Reply

Your email address will not be published.