January 6, 2015

Useful Numbers 2015 - by Louis Erlichman

A. PENSIONS: 1.  OLD AGE SECURITY BENEFIT (Monthly, at age 65, January/2015)   $564.87     -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 (2015)    * Maximum Monthly Retirement Benefit at age 65 $1,065.00 [Reduction of 0.58%(CPP)/0.56%(QPP)per month for retirement 60-64;  Increase of 0.70% per month for retirement 65-70]