January 4, 2016
Useful Numbers 2016 – by Louis Erlichman
A. PENSIONS: 1. OLD AGE SECURITY BENEFIT (Monthly, at age 65, January/2016) $570.52 -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 (2016) * Maximum Monthly Retirement Benefit at age 65 $1,092.50 [Reduction of 0.60 per month for retirement 60-64; Increase of 0.70% per month for retirement 65-70]