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Decentralized Democracy

House Hansard - 43

44th Parl. 1st Sess.
March 22, 2022 10:00AM
Context: House Hansard - 43 - Mar/22/22
Mr. Terry Beech
  • Mar/22/22 10:54:04 a.m.
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Mr. Speaker, this is one of the most important challenges that we as a government have to tackle. When it comes to our most vulnerable seniors, we needed to make sure that every Canadian retires in dignity and that is why our government moved to reverse the Conservative change that increased the age of eligibility for retirement to 67 years. We lowered that back down to age 65, which gives thousands of dollars to seniors right when they need it at retirement. We have also moved to increase the OAS and the GIS to make sure that seniors have the resources they need. Importantly, and this is crucial, we are indexing those measures to inflation, which means that, as inflationary pressures grow, those benefits will grow as well.
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