Employment and Social Development Canada says the basic old age security (OAS) pension benefit will increase by 0.2% to $550.99 per month for the maximum benefit from Oct. 1 to Dec. 31, 2013.

Payments under the Guaranteed Income Supplement (GIS), the allowance and the allowance for the survivor will also increase by the same percentage.

The OAS program consists of the basic pension, the GIS and the allowances. The GIS and allowances provide additional benefits to eligible low-income pensioners and their spouses or common-law partners, as well as to eligible survivors.

OAS benefit amounts are reviewed quarterly and revised as required to reflect increases in the cost of living, as measured by the consumer price index (CPI) set by Statistics Canada.

The Old Age Security Act guarantees that OAS benefits never go down, even when there is a decrease in the CPI. If the average CPI surpasses the previous level in the future, OAS benefits will go up again. However, if the average CPI goes down, OAS benefits will remain the same.

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Donna Paul:

Is it true that out Prime Minister makes $450,000 a year?
How nice for him. My monthly income (OAS GIS, CPP and SAFER come to $1,606.77. 40% of that goes to my rent in one of the least expensive apartments in my town. My hydro, this year, went up $18.00 a month and many products in groceries have gone up about $1.00 each which increases my groceries plus household items (toilet paper etc.) and their increases by about $75.00 a month. The increases that our pensions have been increased is an insult to the citizens of our country and a cause for politicians to hang their heads in shame as they collect double pensions and with no consequences to pay when they cheat their country out of millions, if not billions of dollars.

Tuesday, June 24 at 1:22 pm | Reply

Donna Paul:

Just read that I’m to have my say on this topic and then noted that any comment I make that is thought to be disrespectful “may be removed by our Benefits Canada admins. What ever happened to free speech in Canada.
Oh, oh! Did I just do it again?

Tuesday, June 24 at 1:29 pm | Reply

pauline brown:

I am thinking of moving to NL.so will my OAS, CPP, Safer and GIS be the same as here in B.C? I receive aprox. $1600.00 with $89.00 for Safer included in that here in B.C

Tuesday, February 03 at 8:55 pm | Reply

M. Paquette:

The less than $ 1.00 increase per month of the OAS and GIS benefit to Seniors is a JOKE. The Liberals can keep their tiny increase because they will need it for the next election. If Seniors are not put to sleep with empty promises again, and make it to the next election, the so called (make a difference Liberal Government) will learn what Harper`s governmentt felt like when they were given the boot. But who am I to comment, I`m just a Senior living below the poverty line, maybee I should apply for Refugee status to get more consideration from our Government. !!!!

Wednesday, February 17 at 7:56 am | Reply

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