The Canadian Association for Retired Persons is raising alarms about the increase in old age security only being made eligible for those 75 and above.
recent increase in old age security
However, this leaves behind "what could be the most needful part of the whole older Canadian group," says Bill VanGoarder, Chief Operating Officer for the Canadian Association for Retired Persons , referring to the seniors between the ages of 65 and 75. CARP, along with the National Association of Federal Retirees and Réseau FADOQ, have called on the federal government to increase OAS benefits by 10 per cent for all eligible seniors, not just those 75 and older.
"People who began to plan for retirement 20 or 30 years ago didn't expect to have inflation at what it is now and didn't expect to be fearful of running out of money before they pass," he said.
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