Fix CPP, not OAS, to head off a pension crisis

Tuesday, February 21st, 2012

Feb 20 2012
Making sure that Canadian workers can retire in comfort is possible in only two ways: Require workers to contribute more of their employment income to pension plans, or require workers to stay employed longer… However, increasing the age of eligibility for OAS from the current 65 will not accomplish either. Workers do not contribute to the OAS, and it is paid to all, not only workers. So increasing its age of eligibility will not increase the retirement security of older Canadians, but rather make it more precarious.

Tags: , , ,
Posted in Social Security Policy Context | 1 Comment »

Why 68 or 70 should be the new 65

Tuesday, November 23rd, 2010

Nov. 23, 2010
[Next month] federal and provincial finance ministers meet in Alberta to discuss options for increasing Canada Pension Plan benefits and ways to pay for higher benefits. While a contribution rate increase is being considered, a retirement age increase is unfortunately not yet on their agenda. Members of Parliament will have the opportunity to put this option on the table, and they should seize it: A retirement age increase could break the reform stalemate, make the CPP more stable, maintain fairness across generations and help Canada reclaim its role as a world leader in pension reform.

Tags: , ,
Posted in Social Security Debates | No Comments »