Do you want to work more?

[mtpockets]

Republican Congressman Rick Allen wants to cut Social Security by raising the retirement age because people "want to work more".

[MajorTendonitis]

Same in Canada, they realized seniors don’t want to retire at 65 , so they raised it to 67 . God bless them

[mtpockets]

Same in Canada, they realized seniors don’t want to retire at 65 , so they raised it to 67 . God bless them

Hey Major T, are you 100% sure on this?




Google says otherwise..

65
The standard age to start the pension is 65. However, you can start receiving it as early as age 60 or as late as age 70. If you start receiving your pension earlier, the monthly amount you'll receive will be smaller. If you decide to start later, you'll receive a larger monthly amount

[Cantplankwell]

same in canada, they realized seniors don’t want to retire at 65 , so they raised it to 67 . God bless them

lol

[startingat56]

Same in Canada, they realized seniors don’t want to retire at 65 , so they raised it to 67 . God bless them

Conservatives raised the age, but Liberals lowered it back to 65 when they got into power in 2015


It wasn't and isn't about people wanting to work, it's about austerity and saving tax dollars ... and ensuring the pension plan is solvent

In Canada there is a ceiling on collected Employment Insurance deducted on paychecks, and every penny collected over that ceiling amount goes into the general coffers. Liberals wish to do the same with pension money

[weiss1967]

Republican Congressman Rick Allen wants to cut Social Security by raising the retirement age because people "want to work more".]

Pockets... he said “if people won’t work more, maybe this give them incentive to do that”. This is what I hear. I am still struggling with my English, but “incentive” means something along the lines of nudging the unwilling into doing something you want them to do. Also, “want” and “won’t” sound remarkably same to me.

[tripod29]

Imagine relying on the government to tell you when you retire. Imagine.

[OldFartTom]

Honestly expected the thread to be something about increasing work capacity and/or recovery. But more politics --> grumble, grumble, bitch, moan another sad face

[mtpockets]

Pockets... he said “if people won’t work more, maybe this give them incentive to do that”. This is what I hear. I am still struggling with my English, but “incentive” means something along the lines of nudging the unwilling into doing something you want them to do. Also, “want” and “won’t” sound remarkably same to me.

Howdy Weiss. I can totally understand how you got that from the video, I think his accent may have led you to believe that, but I don't believe he said it as you described. Here is another clip that may be a little clearer and it has captions as well.

https://www.tiktok.com/@wedousyoudoy...43902804970798

Honestly expected the thread to be something about increasing work capacity and/or recovery. But more politics --> grumble, grumble, bitch, moan another sad face

Here you go again... Look up Tom this happens to be the Misc section of the OV35 where a myriad of topics are discussed. Nothing stopping you from starting threads about training but it seems that you'd rather bitch about others not starting them.


Edit: I just saw that you started one, Good job. Keep it up.

[Gabbar99]

Imagine relying on the government to tell you when you retire. Imagine.

It has social security repercussions, but I don't see how what the govt thinks the retirement age is has any relevance to when I retire. I'm 60 and haven't given any thought to retirement. Hopefully I won't get fired for at least another 10 or 15 years.

[LWW]

This is just more the result of being gubmit dependent.

Here’s some real incentive: we have the power to decide if we want to retire or not. We are not forced to work a minimal paying job for 50+ years, that’s by choice.

Many young people can retire now, if that’s what they really wanted to do.

[startingat56]

The only two issues are

not being able to collect government pension money until x number of years past 65 but you need it now

Income tax implications if you work and collect pension(s).


I don’t think govt is making anyone retire, just saving money by extending the eligibility age

I was going to defer pension but decided to start collecting it. I get my govt pension plus Old Age security ( no choice it’s automatic at 65) and I’m working. I am just under the ceiling where they claw back old age security. I also have to consider any income investment I must claim. Hoping to keep it up until 70

[Cantplankwell]

Old Age security ( no choice it’s automatic at 65)

You can delay OAS, but that does not mean that you should, it depends on your specific situation, YMMV.

By delaying OAS by five years to the age of 70, you can boost final payments by 36%, or 0.6% more for each month you delay after 65.

Unless the rule changed recently.

[startingat56]

You can delay OAS, but that does not mean that you should, it depends on your specific situation, YMMV.

By delaying OAS by five years to the age of 70, you can boost final payments by 36%, or 0.6% more for each month you delay after 65.

Unless the rule changed recently.

I sit corrected

CPP you need to apply for
OAS you get automatically unless you create an account and stop (delay) it