The federal government recently upped the Old Age Security (OAS) benefit age from 65 to 67 for anyone born after March 1958. The changes will affect Canadians differently depending on age and income level. Below in the latest audio installment of my summer interview with Mercer principal Malcolm Hamilton, we probe the long-term effect this may have on when Canadians choose to retire.
Q: What impact will these OAS changes have on the retirement age of the average Canadian?
A: Press play to hear Hamilton’s response: