Social Work 1022A/B Chapter Notes - Chapter 13: Palliative Care, Health Promotion, Long-Term Care
Document Summary
Large number of individuals born between 1946-1966 who are now reaching their senior years. This will place increasing pressure on gov"t services, particularly health care &the pension system. Canada pension system has 3 tiers: old age security and the guaranteed income supplement. Provide income security for seniors independent of their prior participation in the workforce o. Canada pension plan (quebec pension plan in quebec) Pension benefits when the individual retires it becomes disabled and benefits for dependants of disabled or decreased contributors. Amount of the benefit depends on the level of contributions during the contributory period o. Public pension programs such as old age security and the canada pension. Plan provide only a modest income for people when they retire. Everyone else must rely on public pension programs supplemented by their own savings. Small minority of canadians take advantage of tax-assisted private savings through rrsps. Almost billion in unused rrsp contribution room is being carried forward.