HLTHAGE 1BB3 Lecture Notes - Lecture 22: Old Age Security, Canada Pension Plan, Cpp Investment Board
6 Sep 2017
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Document Summary
Older people have the highest rates of poverty in canada compared with the rest of the population false. All older people in canada receive a government pension in retirement false. The canadian pension system is going to collapse when the baby boomers retire false. The canadian retirement income system bene ts everyone equally false. Canada has one of the best income-security system in the world as measured against international benchmarks. Canada"s pension system has reduced the poverty rate for older people signi cantly over the past three decades. Most people, except the very rich and the very poor, will feel a drop in their income when they retire. Concerns about the sustainability of the pension system are leading to change. Graph: prevalence of low-income by age group. In 1980, 65+ were highest for low income. From 1992-2010, less prevalence compare to groups 0-17 and 18-64.
