Old Age Security (OAS) is the basic building block of Canada’s retirement income system. Canadians build on that foundation, saving for their retirement with benefits from the Canada or Quebec Pension Plan, a workplace pension if they’re lucky enough to have one, and private savings.
Seniors issues and pensions
Hennessy's Index is a monthly listing of numbers, written by the CCPA's Trish Hennessy, about Canada and its place in the world. Scroll down for a PDF version. For other months, visit: http://policyalternatives.ca/index
This study provides an analysis of the government's proposed Pooled Registered Pension Plan (PRPP) program, and asserts that it will do nothing to solve Canada’s pension crisis. The author argues that rather than proposing yet another voluntary savings scheme, the government should instead focus on expanding the CPP in order to provide all Canadians with a basic guarantee of adequate income that will protect their standard of living in retirement.
OTTAWA—The newly proposed Pooled Registered Pension Plan (PRPP) program will do nothing to solve Canada’s pension crisis, says a study released today by the Canadian Centre for Policy Alternatives (CCPA). The study, by pension expert and CCPA research associate Monica Townson, provides an analysis of the PRPP program and argues that expanding the Canada Pension Plan (CPP) would provide better retirement pensions to virtually all Canadians.
OTTAWA—Expanding the Canada Pension Plan would be the most effective way to ensure all Canadian have adequate retirement incomes, says a new report by the Canadian Centre for Policy Alternatives (CCPA). The report, by pension expert and CCPA Research Associate Monica Townson, provides an analysis of the options for expanding the CPP in order to address Canada’s pension difficulties. “There is now widespread concern that unless changes are made, a significant number of workers will reach retirement age without sufficient income to support themselves,” says Townson.
Look around the world, and you will see example after example of nations conductimg a risky social experiment of "letting the market rule." However, not all societies have succumbed to these pressures- some resist having market principles determine their quality of life. This document examines the way "letting the market rule" is destablizing Canadian society.
OTTAWA—Canada’s Old Age Security system needs improvement in order to help ensure the economic security and dignity of Canadians in retirement, says a new report released today by the Canadian Centre for Policy Alternatives (CCPA). The report, by pension expert and CCPA Research Associate Monica Townson, reviews OAS and its associated programs of the Guaranteed Income Supplement (GIS) and the Allowance and discusses measures that could be taken to strengthen this part of Canada’s pension system.