WHEREAS Canadians need to better plan and provide for their post-retirement financial security; and
WHEREAS the current Canadian government unilaterally raised the eligibility age for OAS from 65 to 67 without consultation based on its claim that the O.A.S. program was no longer financially sustainable even though subsequent analysis by the Parliamentary Budget Officer and the Auditor General does not agree with this conclusion; and
WHEREAS many kinds of work and work situations (physically demanding work) challenge and undermine the health of the person, such that even 65 is too late for some; and
WHEREAS CPP is a well-run and financially viable pension fund; and
WHEREAS mandatory increases in CPP will increase the financial burden on employers; therefore
BE IT RESOLVED that the Liberal Party of Canada recommend to the next Liberal government that it reinstate the OAS eligibility age to 65; and
BE IT FURTHER RESOLVED that a Liberal government create a Canada Pension Plan Supplement (CPPS) to which all Canadians can elect to make independent supplemental contributions on their own behalf thus more effectively providing for their retirement.
Senior Liberals’ Commission