Job Market Monitor
Old Age Security
Feds’ budget cuts would cost 108,000 fewer jobs to the Canadian economy
The Canadian economy could grow at a slower pace, and have 108,000 fewer jobs as the federal government cuts more than $5 billion in spending and eliminates the deficit by 2015, according to a report from Parliament’s spending watchdog. The economic and fiscal outlook from Parliamentary Budget Officer Kevin Page, released Wednesday morning, also predicts … Continue reading
Canada | Delaying OAS won’t keep skills in the labour force for long, sedentary and stressful jobs
The long, sedentary and stressful hours behind the wheel take a serious toll on truck drivers. In North America the average trucker dies at 61 years of age comments Linda Hall from Vancouver .They are lucky to see 65, much less 67. Nurses work 12-hour shifts, often graveyard shifts, on their feet all day, lifting and moving … Continue reading
Is it 75 now instead of 65?
Much has been written about the fact that financial necessity is making Canadians decide to stay in the work force past the traditional retirement age of 65. But there’s also a growing grey market of seniors who are choosing to recommit to their careers in their 60s and 70s. Older workers have dominated recent gains … Continue reading
Raising the Normal Retirement Age for Social Security Would Lead to Increase in Inequality
Social Security remains the most important source of income for most Americans in their retirement. Nonetheless, there are many proposals for cutting benefits that get serious consideration, including increasing the normal retirement age. A new report from the Center for Economic and Policy Research examines the impact of raising the Social Security retirement age and … Continue reading
Young people will pay price of inaction on OAS: Finley | CTV Ottawa | CTV News
Human Resources Minister Diane Finley says immediate action is required to ensure younger Canadians won’t be struggling to support the nation’s rapidly aging population. Speaking to Toronto’s Canadian Club on Tuesday, Finley stressed the urgency of revamping Old Age Security lest younger Canadians be confronted with higher taxes or fewer social programs in the future. … Continue reading
Global BC | Top post-retirement jobs
We’ve said our goodbyes to Freedom 55 and by the looks of things, it seems we’ll be kicking Freedom 65 to the curb. According to a recent survey done by Sun Life Financial, their annual Unretirement Index poll indicates that approximately three in 10 Canadians are planning to work until 66 or older. Does this … Continue reading
Raising the retirement age: Consider it a done deal – The Globe and Mail
If Stephen Harper was to announce tomorrow that the age at which people will be eligible for Old Age Security was going to increase to 67 in the year 2025, who would protest? Not the over 50s: they’ll still be able to start claiming at 65 as planned. Not many of the under 50s, either. … Continue reading
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