Canada’s pensioners are getting a modest raise. Employment and Social Development Canada announced the benefit amounts for the Canada Pension Plan and Old Age Security effective Jan. 1. CPP benefits will increase by 1.8 per cent for those already receiving Canada Pension.
For 2015, the maximum CPP retirement
benefit for new recipients age 65 will be $1,065 a month. This increase
is calculated on the average yearly maximum pensionable earnings for
the last five years. The new CPP rates will be in effect until Dec.
Canada Pension benefits are revised
once a year, in January, based on the consumer price index changes over
12 months, in this case from November 2013 to October 2014, said a news
release from the federal government.
The index is the cost-of-living measure used by Statistics Canada.
Old Age Security benefits, which
consist of the basic OAS pension, the guaranteed income supplement and
the allowances, will remain the same for the first quarter of 2015.
As of Jan. 1, 2015, the basic OAS
benefit will stay at $563.74 per month.
OAS benefits are also based on
the consumer price index but are reviewed in January, April, July and
October and revised as required to reflect increases in the cost of
living. Although OAS and CPP benefits are not indexed at the same time,
they are both adjusted with the cost of living over a given year, the
news release said.
Old Age Security is funded through
general tax revenues and provides a basic monthly income for Canadian
seniors. In 2013-14, about $41.8 billion in benefits were provided to
5.4 million individuals.
The CPP, or the Quebec Pension Plan
in Quebec, is funded through contributions by Canadian workers, their
employers and the self-employed and through investment earnings on the
plan’s funds. In addition to retirement benefits, the plan provides
disability, death, survivor and children’s benefits.
Please scroll down to reports to view the 2013 -2014 annual report
On behalf of the Coalition for Seniors and Nursing Home Residents' Rights, together with its partners
We wish you a Merry Christmas and Safe Holidays
Key points discussed and recommended at the board meeting on November 14, 2014
- Co- Pay Prescription Drugs
- 10 for 10 achievements
- Seniors Issues Matter - Aging in Place
- Veterans Disability Pension protection
- Standard Contribution Policy Booklet
- Meeting with Minster Social Development composite of attendees
- Special Care Homes staffing ratios and eviction policy
- Specialized Beds
- Home Care Association Colloboration
- CARP appointment
- Discrimination - Cheery Picking, Nursing Homes and Special Care
- Criteria/ definition of levels of Care
(Moncton) The Coalition for Seniors will hold its board meeting today at Peoples Park Tower, 960 St George Blvd starting at 10:00 a.m. (Media are welcome for photo opt and interviews)
The Executive Director for the Coalition, Cecile Cassista says after celebrating 10 years of achievement other seniors groups recognizes the importance of working together.
It will be a significant day for the group as three new member groups join to delivery their message on senior policies to the newly elected government. The New Brunswick Seniors Citizen Federation, Riverview Veterans & Armed Forces Association and CN Pensioners have appointed representatives to the Coalition board.
On the agenda the board will also discuss as to whether to collaborate with the New Brunswick Home Care Association that has expressed an interest to work on common issues relative to seniors.
Cassista, states in addition to the achievements being unveiled at the June meeting the Board will discuss its affirmation on, “ Seniors Issues Matter “Aging in place “.
The Coalition will be seeking a meeting with government officials to deal with policies that need addressing. Growing the Coalition in numbers is important to get its message across that seniors polices need to improve and be protected says Cassista.
Seniors and Veterans cannot be forgotten by this government.
For more information: Contact: Cecile Cassista, 506 860 7682 or Cell. 850 5655
Board Meeting – November 14, 2014
People Park Tower - 55 Camden Court, Moncton NB or 960 St George Blvd entrance
1. Call to order
2. Welcome and opening remarks
3. Introduction welcome new members
4. Adoption of Agenda
5. Adoption of Minutes: June 20, 2014,(circulated) in kit minutes from annual meeting for information only
6. Correspondence - Email from Association francophone des ainés du Nouveau Brunswick
7. Reports & Logistics
President update, Claire Gay
Executive up date, Cecile Cassista, recruitment new members, media update update with Social Development on matters relative to seniors’ policies nursing care facilities
Treasurer Report - Suzanne Maltais
9. Policies/ Resolutions - items for board discussion and recommendations
10 for - 10 unveiling achievements - Seniors Issues matter – Aging in Place
Drug Plan discount Co Pay
Standard Family Contribution Policy booklet
Meeting with Minister Social Development
Home Care Association Collaboration
11. Constitution amendment