http://www.theglobeandmail.com/report-on-business/economy/economy-lab/the-economists/oas-change-pushes-burden-of-saving-back-to-canadians/article2386903/
Flaherty announced two big changes to OAS. The first is to extend the age of eligibility for benefits from age 65 to 67. This won’t take effect until 2023 and is being phased-in over six years, so anyone currently older than 54 will see no change. It is interesting to note that the United States legislated similar changes in the 1980s...
The second change to OAS didn’t capture as many headlines, but it introduces an innovative option that deserves some attention. As of July 2013, new OAS recipients will have the option to defer their benefits for up to five years. For each year of delay, the benefits will be increased by 7.2 per cent over the base benefits. This bonus for delayed claiming means a monthly cheque that had been $540 a month would become $579 with one year of delayed claiming. The UK has a similar adjustment...
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D - that's right. Boomers are totally exempt. (Unless we use the CARP age 45 now standard. I wonder if CARP will increase that age slowly back to age 55 again to exempt GenX?)
Boomers get Freedom 55. Whereas Generation X (and Y) gets age 67, possibly as late as 72.
We did not just take this lying down. We took *it* face down, and hard.
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