No financial reason to change old-age pension system: budget watchdog

Reblogged from National Post | News:

By Bradley Bouzane

OTTAWA — The Old Age Security program in Canada can responsibly carry on its current path — with a retirement age of 65 — according to the country’s parliamentary budget officer, who said any potential changes to the system likely would be unrelated to financial issues.

The cost of federal elderly benefits are projected to nearly quadruple over the next 25 years, Kevin Page said.

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