With the new year underway, recipients of Canada Pension Plan and old-age security benefits are getting a modest increase from the federal government.

Effective Jan. 1, 2018, CPP payments will increase by 1.5 per cent for those already receiving benefits. For 2018, the maximum CPP retirement benefit for new recipients age 65 will be $1,134.17 per month, which represents a $20 increase from the beginning of 2017.

OAS benefits, which consist of the basic OAS pension, the guaranteed income supplement and allowances, will rise by 0.2 per cent for the first quarter of 2018 in comparison to the end of last year. As of Jan. 1, 2018, the basic OAS pension will be $586.66 per month, which represents an increase of $8.13 over the the first quarter of last year.

Have your say: Is it time for the government to act on its promise of a seniors price index?

The 2018 numbers represent a very modest increase, according to Wanda Morris, vice-president of advocacy at CARP.

The priority when it comes to such incremental changes, says Morris, should be Canada’s most vulnerable seniors. “What we need to do is focus on the number of individuals who are living in extreme poverty, particularly those who are receiving the GIS,” she says.

“The Liberal government is overdue to bring in their special seniors index as promised,” she adds, referring to a campaign promise by the federal Liberals to calculate benefit increases on the basis of a basket of factors that’s more relevant to seniors specifically than the consumer price index.

Copyright © 2018 Transcontinental Media G.P. Originally published on benefitscanada.com
See all comments Recent Comments

am:

The minimum wage increases to $14 an hour but the seniors who have contribute for years only get an increase of $8 a month for CPP?
How does that compare ?. They always get the shaft after their years of work and contributions to the gov’t !!!

Thursday, January 04 at 11:43 am | Reply

Lou:

Many seniors are living at or below the poverty line which does not allow for the required rents in Ontario. One either falls short of the minimum income for low income housing or are on long waiting lists. This leaves many seniors struggling in less then adequate housing, pressuring family members, or attempting to share accommodations.
In addition to the high cost of rents in Ontario basic drug assistance does not cover the medications required by many seniors.
Often it is a choice of paying for medication needed or food.
What if anything is being planned to assist these issues for seniors in Ontario?

Saturday, January 27 at 9:31 am

Jane Harrison:

I worked for a lawyer for 36 years. I enjoyed my job but it was very stressful at times with deadlines almost always very day. It was a small firm and we had very few benefits. I was always so frustrated and annoyed when I rushed to the Court house to file documents only to see the clerks sitting reading books and most times could hardly get up to wait on me? These government employees were earning top wages. Why should my tax dollars pay these workers more money than I made? I have always found this most upsetting and unfair.

Thursday, January 04 at 1:09 pm | Reply

Patricia O’Halloran:

Are theses comments forwarded to the prime minister or is this just annoyed waist of time! I have never heard of any complaints re the payment of wsib pensions in 2010—mine was so decreased that I did not qualify for a pension—due to poor interest gains on government investments. The worst was that the decreased interest started for wsib investments long before it hit anywhere else—and we had absolutely no control of this issue. Something was terribly wrong with this scenario—and I was told nothing could be done about this,

Friday, January 19 at 7:49 pm

Dear Jane Harrion:

I can appreciate your frustration with the system. Let us not forget that while everyone thinks government people make 100 + K a year and gets a golden pension lets look at the truth. Federal employees were forced into ” 6 & 5 legislated wages” while the world got 12% and 11%. After coming out of that Federal employees were frozen for 8 years WITHOUT a wage increase. You can actually never get a true CPP because it is figured into your federal pension (your pension is reduced by nearly all of the CPP). At he same time your making very healthy payments into BOTH pensions.

Thursday, February 08 at 12:54 am

Irene Stratton:

Many female seniors are single or divorced, without having a partner or significant other to help pay rent or another form of housing. Females were paid less than males. The cost of a loaf of bread, e.g., is the same for both sexes. Females do not pay less for clothes or housing because they made less.

Friday, March 02 at 1:03 pm

don:

Whaaaaaaaaaaa!!!

Saturday, March 17 at 7:27 am

I Rebel:

I agree with Jane Harrison. Too many free loaders in all walks of government. Bad service in most of the agencies. Your not the only one that feels that way. In a just world the government would actually look after our money instead wasting it.

Tuesday, March 27 at 5:54 pm

Veritas Nunquam Perit:

I agree. It is so obviously unfair it merits no discussion. But the reason this happens is because people vote for big, intrusive government and with that expanded power comes the inevitable abuse of power. Jane: your answer is simple. They do these things simply because they can !Do not expect change. We collectively have given them the power over us.

Friday, April 13 at 12:49 pm

DJ Hayward-Till:

Why are CPP increases calculated differently than salary increases for politicians?

Friday, January 05 at 7:33 pm | Reply

D. Lindsay:

Excellent question, DJ. Unfortunately, we’ll never get an
answer from the decision makers. Their priority is to line
their own pockets at the expense of Canadian taxpayers.

Thursday, January 25 at 2:20 pm

koko:

With the new year underway, recipients of Canada Pension Plan and old-age security benefits are getting a modest increase from the federal government.?
for cpp $380 monthly it will be about $4
thanks a lot

Sunday, January 07 at 6:46 pm | Reply

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