Approximately all of today’s older people in Canada receive money from Canada’s public pensions: the Canada Pension Plan (CPP) and Old Age Security (OAS). Jointly, the CPP and OAS give a self-effacing base upon which Canadians can put up their retirement income. Basic monetary support is also obtainable to survivors and to citizens who turn out to be disabled to work and their children.In support of Human Resources and Skills Development Canada (HRSDC), Service Canada delivers over $59 billion in benefits yearly to millions of Canadians.
As the federal focal point for strategy design and research related to Canada’s public pensions:
• HRSDC make certain the long-standing sustainability and relevance of CPP and OAS;
•Offer a balanced and supple retirement income system, responding to the varied and changing needs of Canadians; and
•Partners with and connect third parties to boost consciousness of CPP and OAS benefits.
HRSDC also talk international social security agreements, which help citizens qualify for benefits from Canada or abroad.
Source: hrsdc.gc.ca
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