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Talk is cheap [cost of living increases to CPP & OAS]
Friday, December 31st, 2010
December 30, 2010
The CPP increase effective Jan. 1 is 1.7% or in dollars $25.83 per month, whereas the OAS and GIS benefits based on the same CPI will only increase 0.05% or in dollars $2.61 per month and $3.29 more per month for the GIS — giving a grand total to all of those seniors who only collect these two benefits of $ 5.90 per month… the mounting costs of food, electricity and heat are pushing thousands of seniors below Statistics Canada’s low-income cut-off… action should be taken instead of a lot of worthless chatting over the past three years.
Tags: budget, pensions, standard of living
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