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With his 66th birthday nearing, Claude hopes to retire from his $120,000-a-year job by year-end. His wife, Maxine, is 67 and working part-time. Her income varies.Claude had a bout with cancer recently and as the main breadwinner, “I wish to make sure that there is a solid future with or without me in the picture,” he writes in an e-mail.
“Another consideration – and one that is difficult to factor – is our two adult children who are still at home,” Claude writes. “Living outside of our home, both struggled with the cost of rent, food and transportation.” They help one son pay for $550 worth of medication each month that is not covered by his work benefits.
The Liberal election platforms of 2019 and 2021 both promised a 25-per-cent bump in the CPP survivor’s benefit, he notes, which is paid to surviving partners of CPP contributors. The Liberals have delivered on a promise to increase Old Age Security for people aged 75-plus, but the CPP survivor’s pension continues to pay little or nothing in some cases.
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