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Rae argues retirement benefit cuts a massive hit to Canadians
Thursday, April 12th, 2012
April 3, 2012
The Budget cuts retirement benefits by raising the age of eligibility for Old Age Security and the Guaranteed Income Supplement from 65 to 67 years, forcing Canadians to postpone their retirement for two years. For low income seniors it’s even worse. They stand to lose up to $30,000 which could hike seniors’ poverty by up third. It’s a massive hit to the least-well off. It’s mean-spirited and it’s wrong. The Conservatives offered zero financial analysis to justify the cut because there is none…
Tags: budget, ideology, Indigenous, pensions, poverty
Posted in Social Security Debates | 6 Comments »
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