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Decentralized Democracy

House Hansard - 105

44th Parl. 1st Sess.
September 29, 2022 10:00AM
Context: House Hansard - 105 - Sep/29/22
Mr. Terry Beech
  • Sep/29/22 10:50:01 a.m.
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Mr. Speaker, in the short term, with respect to supports for pensioners, we are increasing OAS for seniors 75 and over by 10%, so seniors can expect an additional $815 in benefits. We have reduced the retirement age from 67 to 65. Seniors over 75 received a one-time payment of $500 over the summer. I am happy to report to the House that our policies are working, because 25% fewer seniors live in poverty today than when we took office in 2015. Through working with the provinces and territories, our government has established a plan where future retirees will see significantly more benefits when it comes time to retire, as long as we do not let the Conservatives take those benefits away from them.
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