Who died before they collected Canadian Pension Plan? (CPP)

T

tay

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May 20, 2012
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Well eff me and you. I heard this in the car and almost went off the road. These effing neoliberal effers.........





The Trudeau government’s economic advisory council is recommending Ottawa raise the age of retirement eligibility


To encourage older Canadians to work longer, the council recommended raising the age of eligibility for old age security and the Canada Pension Plan.

The idea contrasts with the Liberal government’s move to reverse a controversial decision taken by the former Conservative government and return old age security eligibility to 65 from 67.

Raising the eligibility age so that it closes the gap between Canada and industrialized countries with the highest labour participation rate among workers 55 and over could add $56 billion to the gross domestic product, the council’s report said.

Canada should raise its retirement age, economic advisers suggest - National | Globalnews.ca


 
Cannuck

Cannuck

Time Out
Feb 2, 2006
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The OP is rather silly when it talks about averages of 30k per year. Considering the median income in Canada is around 30k now, I'm going out on a limb and saying it was substantially less than 30k in 1970.
 
T

tay

Hall of Fame Member
May 20, 2012
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Cannuck said:
The OP is rather silly when it talks about averages of 30k per year. Considering the median income in Canada is around 30k now, I'm going out on a limb and saying it was substantially less than 30k in 1970.
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Yes that may be the case BUT this pr ick Trudeau campaigned on lowering the age back to 65 and now these same scummy advisers are telling him t reverse that back to the harper deal.

I couldn't be madder at him if I had voted for him. And all this BS between him and Wynne. I want o hear what she has to say about this.......
 
taxslave

taxslave

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Nov 25, 2008
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tay said:
Internal evaluations of the Canada Pension Plan show the retirement system is poorly understood by most of the public.


QUICK FACTS ABOUT CPP
1. The retirement pension is currently designed to replace one-quarter of the earnings on which a person's contributions were based. That changes starting in 2019, when the income replacement rate begins increasing towards one-third of earnings, but the full effect of the change in benefits and contributions won't be felt for another 40 years.
2. Disability benefits are paid to people who are disabled and cannot work at any job on a regular basis.
3. Survivor benefits are paid to a surviving spouse, estate, or dependent children. People receiving survivor and retirement benefits get them blended into one payment that's usually lower than the combined value.
4. A maximum $2,500 death benefit can be made to an estate, surviving spouse or next-of-kin.
5.The value of the retirement benefit changes depending on when you take it: The benefit amount is adjusted downward for each month you took the benefit before age 65. There is an opposite effect if you wait take the benefit after age 65.
6. The program has several provisions designed to compensate for periods when someone wasn't earning much or anything at all.
7. Couples can voluntarily share their CPP retirement pension. Alternatively, separated or divorced couples can equally divide their CPP contributions, even if they remarried.
8. The post-retirement benefit allows Canadians who work while collecting a pension to continue to contribute to CPP and increase their benefits over time. The benefit is payable for life and increases with the cost of living.


https://www.thestar.com/news/canada...poor-understanding-of-cpp-reports-reveal.html
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The first one isn't quite true. Like EI claiming to pay 60% of earnings. They forgot to add there is a rather low ceiling. FOr instance CPP would have to pay me north of $250000 a year to make 25%. As far as I know that isn't going to happen.
 
taxslave

taxslave

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Nov 25, 2008
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tay said:
Well eff me and you. I heard this in the car and almost went off the road. These effing neoliberal effers.........





The Trudeau government’s economic advisory council is recommending Ottawa raise the age of retirement eligibility


To encourage older Canadians to work longer, the council recommended raising the age of eligibility for old age security and the Canada Pension Plan.

The idea contrasts with the Liberal government’s move to reverse a controversial decision taken by the former Conservative government and return old age security eligibility to 65 from 67.

Raising the eligibility age so that it closes the gap between Canada and industrialized countries with the highest labour participation rate among workers 55 and over could add $56 billion to the gross domestic product, the council’s report said.

Canada should raise its retirement age, economic advisers suggest - National | Globalnews.ca


Click to expand...

Looks like trudOWE lied again in his election promises. Typical liberal move, promise everything to everyone prior to the election then do the opposite once elected on false pretenses.

tay said:
Yes that may be the case BUT this pr ick Trudeau campaigned on lowering the age back to 65 and now these same scummy advisers are telling him t reverse that back to the harper deal.

I couldn't be madder at him if I had voted for him. And all this BS between him and Wynne. I want o hear what she has to say about this.......
Click to expand...

Beginning to see why we don't trust the left? This comes as no real surprise.
 
C

Curious Cdn

Hall of Fame Member
Feb 22, 2015
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Who died before they collected Canadian Pension Plan? (CPP)

If you, umm .. die .. you can't collect any umm...

Never mind.
 
petros

petros

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Nov 21, 2008
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Spousal and orphan bennys.

Survivor's Pension
The Canada Pension Plan (CPP) survivor's pension is paid to the person who, at the time of death, is the legal spouse or common-law partner of the deceased contributor.

If you are a separated legal spouse and the deceased had no cohabiting common-law partner, you may qualify for this benefit.
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
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Benefits for children under 25
The Canada Pension Plan (CPP) children's benefits provide monthly payments to the dependent children of disabled or deceased CPP contributors.

The child must be either:

under age 18
between the ages of 18 and 25 and in full-time attendance at a recognized school or university.
There are two types of Canada Pension Plan (CPP) children's benefits:

A disabled contributor's child benefit for the child of a person receiving a CPP disability benefit – a monthly payment for a natural or adopted child or a child who is in the care and custody of the person receiving a CPP disability benefit.
A surviving child's benefit for the child of a deceased contributor – a monthly payment for a natural or adopted child or a child who was in the care and custody of the contributor at the time of death. For the benefit to be paid, the deceased contributor must have made sufficient contributions to the CPP.
A maximum of two benefits can be paid to a child.
 
Retired_Can_Soldier

Retired_Can_Soldier

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As I recall, when my mother died at the age of 64, her contributions were returned to her benefactors. I am not sure what the actual figure was at the time, but we received payment. I don't know if that has since changed.
 
T

tay

Hall of Fame Member
May 20, 2012
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Retired_Can_Soldier said:
As I recall, when my mother died at the age of 64, her contributions were returned to her benefactors. I am not sure what the actual figure was at the time, but we received payment. I don't know if that has since changed.
Click to expand...
I am on the CPP website and they have 2 categories for survivor benefits - Under 65 and Over 65.


Canada Pension Plan pensions and benefits - Monthly and maximum payment amounts January to December 2017

Scroll up at the link.......

https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-benefit/amount.html
 
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