Quote:
Originally Posted by chowhou
At the very least, they could bump up the OAS eligibility age to 66 or 67 (hell, even keep early access). When OAS was first introduced, it was to help support gramps and grammy when gramps was simply too old to work in the sawmill, or on the farm, or on the fishing boat anymore and couldn't support themselves.
Now, the average 65 year old is perfectly fine supporting themselves in all manner of non-back breaking labour.
Raise the pension age. Australia was able to do theirs. Denmark was able to do theirs (and now links it to life expectancy). France was able to do theirs. The Netherlands was able to do theirs. It's a completely viable thing to do.
If/when the CPC gets elected, with their expected huge mandate I hope they at least rip that band-aid.
|
I don't think that the CPC would touch OAS in a first term. It just isn't worth the risk. Maybe they will come up with some other options. They introduced being able to defer OAS up until age 70 where you can get higher monthly payment for each month deferred up to 36% more. The problem with that is that it was designed to help those who are quite well off and who have high incomes. They would be wise to try to look at something that benefits mid to lower income seniors.