In the coming decade, the median retirement age could increase from 65 to 68, though the exact timing and extent of this rise can’t be predicted with complete confidence.
However, Canadians are staying in the workforce longer, so if Canada continues to pay pension benefits at age 65, it’s certain that a significant and growing portion of these payments will be supplemental to employment earnings rather than simply retirement income.
A system that aligns the age at which pensions begin to be paid with the actual age at which people leave the labour force will create savings that may be better […]
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