January 3, 2014

USEFUL NUMBERS: 2014 - By Louis Erlichman

A. PENSIONS:   1.  OLD AGE SECURITY BENEFIT (Monthly, at age 65, January/2014)   $551.54     -adjusted quarterly OAS/GIS can be deferred up to 5 years (to age 70), with an increase of 0.6% for each month of deferral   2.  CANADA/QUEBEC PENSION PLAN (2014)    * Maximum Monthly Retirement Benefit at age 65 $1,038.33 [Reduction of 0.56%(CPP)/0.53%(QPP)per month for retirement 60-64;  Increase of 0.70% per month for retirement