Archive for the ‘Social Security Debates’ Category
Not a pension crisis, but reform opportunity
Friday, February 3rd, 2012
February 2, 2012
Lowering the threshold at which the OAS is taxed back would have the same effect on the bottom line as pushing back the age of eligibility, but it would still allow people to retire without fearing poverty at 65. Rather than legislate a solution during the current session of Parliament, the government should publish a white paper that lays out the problem that needs to be solved along with a range of possible solutions… An equitable solution should leave no aggrieved interests for opportunistic politicians to champion.
Tags: budget, ideology, pensions, poverty, standard of living, tax
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Best pension reform would be to take from the rich seniors
Friday, February 3rd, 2012
Feb. 2, 2012
A much savvier political option for the Harper Conservatives than raising Old Age Security eligibility to 67 from 65 would be taxing back all benefits from all 65-plus seniors not decidedly low income. If they do anything else, they will be pegged as mean-spirited and excessively ideological. Because the truth is, Canada, while better off than most developed countries, continues to have a fair number of low-income seniors, mostly women – a group that inspires empathy from most Canadians.
Tags: budget, featured, pensions, poverty, standard of living, tax
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Anger rising over plan to reform OAS
Thursday, February 2nd, 2012
Feb. 2, 2012
“He is not only dumping on the vulnerable senior citizens,” Rae told the House of Commons. “He is also dumping on the provinces, dumping on municipalities, creating a cascade of injustice because of a totally manufactured crisis on his side.” Harper shrugged off the accusation, calling his assertions “nonsense” and “fear-mongering.” Harper reiterated in the Commons Wednesday the planned changes to the pension system won’t affect today’s seniors or those close to turning 65.
Tags: budget, pensions, poverty, standard of living
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Stephen Harper’s long overdue talk about Canada’s pension crisis
Wednesday, February 1st, 2012
Jan 30, 2012
We can try to offset the demographic arithmetic directly, whether through increased immigration, longer working lives, or even — to the extent policy can — encouraging people to have more children. And certainly there is much room for improvement in our anemic national productivity performance: just a half-a-percentage point faster growth in productivity, compounding year after year, would make the next generations wealthy enough to bear those projected higher costs without having to endure the implied rise in taxes.
Tags: budget, economy, ideology, pensions, standard of living, tax
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Old age benefits now slated for cost-cutting by Stephen Harper.
Wednesday, February 1st, 2012
Jan 31 2012
Harper had never mentioned changing the terms of old age security (OAS) in Parliament or any of his public speeches… The Prime Minister may have thought debt-enfeebled Europe, with its cradle-to-grave social programs, would be the perfect backdrop to signal a shift in policy. He might have assumed the economic logic of his stance would be self-evident to Canadians. What he apparently forgot was that he sought a mandate to govern for the next four years last May without telling voters that re-electing him meant their pensions were vulnerable.
Tags: budget, ideology, pensions, standard of living, tax
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Research belies PM’s warning about OAS
Tuesday, January 31st, 2012
Jan. 31, 2012
“The analysis suggests that Canada does not face major challenges of financial sustainability with its public pension schemes,” and “there is no pressing financial or fiscal need to increase pension ages in the foreseeable future.”… That’s because, as Canada heads into the boomer crunch, it spends far less than the OECD average on public pensions. Further, Canada’s relatively high levels of immigration will partially offset the distortions of an aging population…
Tags: pensions, standard of living
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Paradigm, shifted [seniors]
Saturday, January 28th, 2012
Jan. 28, 2012
Money for fighter jets? Check. Money for more prisons? Check. Money for MP pensions? Check. Money for gazebos? Check. Money for seniors? Not so fast… / our Prime Minister touted as his own Canadian economic and financial successes for which previous governments were largely responsible and offered the same nostrums – lower taxes, cuts to social programs, minimal-restriction resource exploitation, more deregulation of the private sector – which were largely responsible for the crisis in the first place.
Tags: budget, economy, ideology, pensions, standard of living
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Does Harper really need to raise the retirement age?
Friday, January 27th, 2012
Jan. 27, 2012
the Canada Pension Plan is not in financial difficulty. Instead, the target of reform appears to be Old Age Security… Canadians are living longer… 5 years longer than was the case in 1967… The wellbeing of Canadian seniors has improved tremendously over the last 40 years — higher incomes, better consumption, and healthier lives. However, in the years approaching retirement ages, an increasing number of Canadians are unable to work due to disability, declining job skills, or other reasons… these Canadians may suffer as they wait for their public pension cheques to begin flowing.
Tags: budget, pensions, standard of living
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Prime Minister Harper unveils grand plan to reshape Canada
Friday, January 27th, 2012
Jan. 27, 2012
Mr. Harper portrayed his agenda as a fix for a generation – a fix he claimed is necessary to confront the challenges of an aging population. Canada’s demographics, he warned, pose “a threat to the social programs and services that Canadians cherish.” Preserving those social programs will likely mean cuts elsewhere… he plans to make Canada’s old-age security program sustainable. What that means is unclear. He did not spell out whether seniors will have to wait longer to receive the benefit or whether clawbacks would be increased for higher income earners.
Tags: budget, pensions, standard of living
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Conference Board makes pitch for guaranteed annual income
Wednesday, December 21st, 2011
Dec 20, 2011
… a guaranteed annual income would provide a minimum level of income for every individual or family, with dollars earned above that level taxed at a relatively low marginal rate… “It would be a means of providing material income support without governments telling people how to run their lives… it could help reduce the disincentives to working and break down the “welfare wall” on earned income for the working poor as it could be taxed at lower marginal rates… if a GAI reduced the prevalence of poverty, it could create better health outcomes and help slow the rising costs of publicly-funded health care
Tags: budget, featured, ideology, poverty, standard of living
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