Pensions

Letter to Bill Morneau and Marc Garneau from Hassan Yussuff, CLC President

Le français suivra March 23, 2020 File: 20403-F01/T01 The Honourable Bill Morneau, P.C., M.P. Minister of Finance House of Commons Ottawa, ON K1A 0A6 By email: bill.morneau@parl.gc.ca The Honourable Marc Garneau, P.C., M.P. Minister of Transport House of Commons Ottawa, ON K1A 0A6 By email: marc.garneau@parl.gc.ca Dear Ministers: We write to you on behalf of over 50,000 airline employees in Canada. The novel coronavirus (COVID-19) outbreak is taking an extraordinary

Useful Numbers 2020 - by Ivana Saula

USEFUL NUMBERS FOR 2020 PENSIONS 1. OLD AGE SECURITY BENEFIT (Monthly, at age 65, January 2020) $ 613.53 (regardless of marital status) Adjusted quarterly to CPI (in January, April, July and October) OAS/GIS can be deferred up to 5 years (to age 70), with an increase of 0.60% for each month of deferral Pension indexation rate for 2020 is 2% Following increases to CPI, OAS benefit will increase by 0.0%

CPP + Good workplace Pension Plans = A more secure retirement!

Toronto, ON – At a time when income is stagnating and most household budgets are stretched to the limit, saving for retirement is incredibly challenging. Without a secure and decent public pension system to rely on, many Canadians are in a precarious situation when it comes to planning for retirement. Common Wealth, an organization that advocates for strengthening the public pension system, and offering the first collective retirement plan for

Useful Numbers 2019 - by Ivana Saula

PENSIONS                  OLD AGE SECURITY BENEFIT (Monthly, at age 65, January 2019) $ 601.45 (regardless of marital status) Adjusted quarterly to CPI (in January, April, July and October) OAS/GIS can be deferred up to 5 years (to age 70), with an increase of 0.60% for each month of deferral Following increases to CPI, OAS benefit will increase by 0.1% for the January to March 2019 quarter CANADA/QUEBEC PENSION PLAN (2019) Maximum