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]