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As Canada’s first old age pension approaches its 100th anniversary, what should the next 100 years of Old Age Security look like?
A new report from the NIA, The First Hundred Years of Old Age Security, examines the evolution of Old Age Security (OAS) and the Guaranteed Income Supplement (GIS), their role in reducing poverty and providing secure retirement income, and how they interact with taxes, pensions, savings and other government benefits.
With Canada’s population ageing and the number of OAS beneficiaries growing, questions about the program’s affordability have become increasingly prominent.
But the NIA cautions that focusing on the cost of OAS alone risks overlooking its role within Canada’s broader retirement income system — and the potential consequences of changing one part of an interconnected system.
The report, along with its companion policy brief, The Next 100 Years of Old Age Security: Policy Considerations, explores what policymakers need to consider as OAS enters its second century.
📘 Read the report: niageing.ca/reports/the-fi…
📘 Read the policy brief: niageing.ca/resources/the-…
A new report from the NIA, The First Hundred Years of Old Age Security, examines the evolution of Old Age Security (OAS) and the Guaranteed Income Supplement (GIS), their role in reducing poverty and providing secure retirement income, and how they interact with taxes, pensions, savings and other government benefits.
With Canada’s population ageing and the number of OAS beneficiaries growing, questions about the program’s affordability have become increasingly prominent.
But the NIA cautions that focusing on the cost of OAS alone risks overlooking its role within Canada’s broader retirement income system — and the potential consequences of changing one part of an interconnected system.
The report, along with its companion policy brief, The Next 100 Years of Old Age Security: Policy Considerations, explores what policymakers need to consider as OAS enters its second century.
📘 Read the report: niageing.ca/reports/the-fi…
📘 Read the policy brief: niageing.ca/resources/the-…