October 2, 2019
NICKEL BELT – GREATER SUDBURY- Seniors play an important role in communities and contribute greatly to the diversity of society. Nickel Belt has received historic investments during Marc Serré’s mandate to improve the quality of life for seniors including over $155,000 for seniors’ programs, over $1.3 million in accessibility funding.
Serré has been always advocate for seniors’ issues. His motion M-106 was passed in the House of Commons in 2016 which called on the federal government to create Canada’s first National Senior’s Strategy. This strategy helped pave the way for the creation Canada’s first Senior’s Ministry.
Ensuring the social and economic prosperity of Canada’s fasted growing demographic is paramount. On September 18th, 2019, the Liberal government announced it will increase the Old Age Security by an extra ten per cent once a senior turn 75 and will boost the Canada Pension Plan survivor’s benefit by 25 per cent.
Canadians are living longer than ever before, but as they age they face higher health care costs, and they’re worried about their savings running out. The number of seniors who rely on GIS payments — a monthly benefit that goes to the poorest seniors — goes up with age. Today, as many as 238,000 seniors live in poverty.
“After a lifetime of hard work, people here in Nickel Belt – Greater Sudbury should have peace of mind knowing their retirement savings won’t run out, and that their government will be there to help,” said Marc Serré, the Liberal candidate in the riding of Nickel Belt. “We know the impact of living in rural communities also adds a layer of complexity, and we want to make sure our seniors can have the quality of life they deserve. I remain committed to working with local seniors and seniors’ groups to determine how to best offer them support.”
Meaningful action and working in partnership with provinces and territories will help further strengthen the supports that our seniors rely on every day:
- An extra $729 in the pockets of seniors each year, by increasing Old Age Security (OAS) by ten per cent once they turn 75. This will help lift more than 20,000 seniors out of poverty, of whom two-thirds will be women; and
- Up to $2,080 in additional benefits, every year, to those who’ve lost a loved one, by increasing the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) survivor’s benefit by 25 per cent.
Since 2015, the government has taken real action to help more Canadians retire with confidence, including:
- Putting thousands of dollars back in the pockets of Canadians as they become seniors, by restoring the eligibility age for OAS and GIS benefits to 65 from 67;
- Making the most significant enhancement to the CPP since its creation — which will raise the maximum CPP benefit by up to 50 per cent once fully rolled-out;
- Giving single seniors nearly $1,000 more a year to help pay the bills, through our boost to the GIS top-up; and
- Increasing the GIS earnings exemption, so that low-income seniors who choose to keep working can keep more of their hard-earned income.
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|BACKGROUNDER||More generous support for seniors and widows|
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