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02-07-2017, 03:16 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,878
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Fed advisers call for higher retirement age
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02-07-2017, 03:28 PM
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Join Date: May 2008
Location: Bonnyville Alberta
Posts: 2,355
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The Tories did that and the Libs backtracked, now it's proven that Harper was right. Fascinating.
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02-07-2017, 03:36 PM
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Banned
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Join Date: May 2007
Posts: 17,790
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This is sooooo freaking precious. The old tax and spenders must be hitting panic mode. I have a feeling things are even worse than they appear.
Thanks citizens of eastern Canada. (and Vancouver Trudeau donors)
Trudeau should just apologize to Canada and beg Harper to take back the reins.
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02-07-2017, 03:52 PM
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Join Date: Aug 2007
Location: Kelowna B.C.
Posts: 1,289
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I love it when politicians spin their ideas. They are looking at putting an incentive in place to encourage older workers to stay in the work force longer.
The Oxford dictionary defines “Incentive” as “a motive or incitement; a payment or concession to stimulate greater output in workers”
I don’t see raising the age of eligibility for retirement benefits as being an incentive. It certainly could be effective, but it is a stick, not a carrot.
Additionally my workplace currently stope all the health benefits at age 65. I sure hope that gets changed along with the incentive.
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02-07-2017, 04:10 PM
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Join Date: Dec 2009
Location: Spruce Grove, AB
Posts: 3,044
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Quote:
Originally Posted by Skybuster
I love it when politicians spin their ideas. They are looking at putting an incentive in place to encourage older workers to stay in the work force longer.
The Oxford dictionary defines “Incentive” as “a motive or incitement; a payment or concession to stimulate greater output in workers”
I don’t see raising the age of eligibility for retirement benefits as being an incentive. It certainly could be effective, but it is a stick, not a carrot.
Additionally my workplace currently stope all the health benefits at age 65. I sure hope that gets changed along with the incentive.
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It doesn't make sense. I would think wanting people to retire younger would create more jobs for both young people & immigrants ending up with both still being taxpayers. It's really hard to understand.
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02-07-2017, 04:13 PM
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Join Date: Aug 2007
Location: Kelowna B.C.
Posts: 1,289
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Quote:
Originally Posted by skidderman
It doesn't make sense. I would think wanting people to retire younger would create more jobs for both young people & immigrants ending up with both still being taxpayers. It's really hard to understand.
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Even harder when you look at current unemployment numbers. But maybe they are looking to the future.
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02-07-2017, 04:27 PM
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Join Date: May 2007
Location: Calgary
Posts: 5,151
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Quote:
Originally Posted by skidderman
It doesn't make sense. I would think wanting people to retire younger would create more jobs for both young people & immigrants ending up with both still being taxpayers. It's really hard to understand.
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Maybe those demographics don't wanna work.
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Former Ford Fan
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02-07-2017, 04:49 PM
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Banned
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Join Date: Sep 2012
Posts: 2,052
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I bet those solid gold MP/Senator pensions are not affected
Difference between the Phillipines and Canada.Marcos looted the treasury for years and fled with the money when he was deposed.Canadian politicians legislate their own largesse so it is legal.
FTH
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02-07-2017, 05:00 PM
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Banned
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Join Date: Dec 2009
Location: Copperhead Road, Morinville
Posts: 19,289
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I guess that Justin has realized that the budget won't balance itself.....AFTER spending all that money! AND.....not a single job created!!!!
The only way out of Justin's reckless spending is higher taxes and lost benefits for taxpayers.
Enjoy the decline!
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02-07-2017, 05:31 PM
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Join Date: Jun 2014
Location: Canmore
Posts: 2,124
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As long as CPP keeps coming direct deposit every month I'm trying really hard not to care for the next 2 years as nothing really suprises me with this government anymore.
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Woke up with a pulse, best day ever
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02-07-2017, 06:16 PM
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Join Date: Nov 2014
Location: Parkland
Posts: 1,659
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I believe that the age of retirement should have a direct mirror of the maximum age of military service on being retired.
If that makes sense.
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I take everything with a grain of pepper, I'm just different that way.
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02-07-2017, 06:20 PM
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Join Date: Aug 2009
Posts: 3,197
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Increase the retirement age so public sector workers can retire earlier!
Makes sense actually.
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02-07-2017, 06:21 PM
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Banned
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Join Date: May 2007
Posts: 17,790
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Personally, I think the age of retirement should be raised. If you save more yourself and want to retire early perfect.
I just find it amusing that the Libs are now backtracking because they are finally realizing they may be in very deep trouble after letting boy wonder go around writing cheques for a year.
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02-07-2017, 06:22 PM
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Join Date: May 2016
Location: Parkland County
Posts: 2,397
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This sort of stuff scares the wits out of me as a young guy. All the baby boomers going into elder age on CPP are going to fully bankrupt this country (never mind the healthcare costs!) and I have zero faith in any governmental aptitude in figuring out a solution beyond taxing my future earnings to the moon and back.
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Bet the best when you know you got 'em.
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02-07-2017, 06:28 PM
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Join Date: May 2016
Location: Parkland County
Posts: 2,397
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Quote:
Originally Posted by From The Hip
I bet those solid gold MP/Senator pensions are not affected
Difference between the Phillipines and Canada.Marcos looted the treasury for years and fled with the money when he was deposed.Canadian politicians legislate their own largesse so it is legal.
FTH
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You said it. The senate is the biggest scam running in Canada. How often do they reject or actually adjust bills coming out of the House of Commons? Hardly any of the senators care about being a senator. It's just a political retirement home for playing the game right, nothing more.
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Bet the best when you know you got 'em.
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02-07-2017, 07:00 PM
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Join Date: Nov 2014
Location: Parkland
Posts: 1,659
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Quote:
Originally Posted by rugatika
Personally, I think the age of retirement should be raised. If you save more yourself and want to retire early perfect.
I just find it amusing that the Libs are now backtracking because they are finally realizing they may be in very deep trouble after letting boy wonder go around writing cheques for a year.
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Yep, retire whenever I always say.
Just remember, the longer you wait to collect may be the time you see nothing.
I don't expect to ever 'retire'. Life is simply too rich to stop.
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I take everything with a grain of pepper, I'm just different that way.
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02-07-2017, 07:15 PM
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Join Date: May 2007
Location: Fort Sask, AB
Posts: 4,936
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Feds can say what they want. My retirement and pension is based on the companies calculated DB/DC numbers.
If what Feds say determine when I get CPP, that'll just be my gas money.
TBark
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02-07-2017, 07:41 PM
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Banned
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Join Date: Sep 2012
Posts: 2,052
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Quote:
Originally Posted by jstubbs
You said it. The senate is the biggest scam running in Canada. How often do they reject or actually adjust bills coming out of the House of Commons? Hardly any of the senators care about being a senator. It's just a political retirement home for playing the game right, nothing more.
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Ok how about how MP's/Senators get expence accounts as well as living allowances.How about the "Parliament Dining Room" where they get 5 star meals for pennies on the dollar.....no "journalist" at the CBC would report on that though as they enjoy the meals as well because of a press pass.....tis only the taxpayer paying for it.
Canada needs to wake up and throw off the Nobs.
FTH
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02-07-2017, 11:43 PM
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Join Date: Jul 2007
Posts: 6,739
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Quote:
Originally Posted by jstubbs
This sort of stuff scares the wits out of me as a young guy. All the baby boomers going into elder age on CPP are going to fully bankrupt this country (never mind the healthcare costs!) and I have zero faith in any governmental aptitude in figuring out a solution beyond taxing my future earnings to the moon and back.
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It should scare the hell out of you! The boomers have known for decades that they weren't paying enough into the pool to look after themselves, they didn't have enough offspring to look after themselves either. It leaves a huge problem and that's why we see so much immigration because "someone" needs to work to support the boomers. The worst is yet to come.
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02-07-2017, 11:47 PM
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Join Date: Sep 2008
Location: in the woods , finally !
Posts: 1,420
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i wish i could opt out of cpp altogether , i could take the same amount and invest it myself and come out way ahead , and not have some liberal idiot in control of my money.
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02-08-2017, 12:28 AM
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Banned
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Join Date: Dec 2009
Location: Copperhead Road, Morinville
Posts: 19,289
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Quote:
Originally Posted by calgarychef
It should scare the hell out of you! The boomers have known for decades that they weren't paying enough into the pool to look after themselves, they didn't have enough offspring to look after themselves either. It leaves a huge problem and that's why we see so much immigration because "someone" needs to work to support the boomers. The worst is yet to come.
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Yup, we all knew, so did Harper but he wasn't doing it to fund his extravagant spending. You are right about too many Baby Boomers and not enough kids to pay into CPP, but don't blame us for not having enough kids, blame our parents for having too many!
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02-08-2017, 12:28 AM
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Join Date: Apr 2012
Location: Calgary
Posts: 592
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Eventually something is going to give. Not only Canada but the world.
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02-08-2017, 12:30 AM
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Banned
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Join Date: Dec 2009
Location: Copperhead Road, Morinville
Posts: 19,289
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Quote:
Originally Posted by rugatika
I just find it amusing that the Libs are now backtracking because they are finally realizing they may be in very deep trouble after letting boy wonder go around writing cheques for a year.
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Can I use this? Outstanding!
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02-08-2017, 02:17 AM
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Join Date: Feb 2017
Posts: 77
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After reading to OP's linked article, my biggest concern was the national child care recommendation. We chose to have a parent at home until the kids were in school and believe that was worth the sacrificed income. For people making the same choice, a national child care program is no benefit, and probably, a tax grab. (Worse, we get on the slippery slope of the government raising your kids right from the cradle through "regulations" that are sure to follow).
As for retirement, I just don't know. My oldest son is a tax expert and says I could have been collecting CPP from age 60, and that's what he would do. (Less per month, but what if you wake up clutching your heart the day after your 65th). But I don't even want to pack it in at 65, if I can still work, and collecting CPP now means higher tax bracket now. The 67 thing doesn't worry me but wouldn't have affected me anyway, just my wife (a youngster on the relative scale).
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02-08-2017, 02:34 AM
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Join Date: Feb 2017
Posts: 77
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Quote:
Originally Posted by jstubbs
This sort of stuff scares the wits out of me as a young guy. All the baby boomers going into elder age on CPP are going to fully bankrupt this country (never mind the healthcare costs!) and I have zero faith in any governmental aptitude in figuring out a solution beyond taxing my future earnings to the moon and back.
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This ^^^ is a great point! As a butt-end of the boomer generation, I worry more about the kids and grandkids. They're all bright and well equipped -- maybe they'll figure it out -- but we have saddled them with a debt burden we did not have to deal with. The liberal domination of our most productive years have insured our comfort at their expense!
(I could pay for my own medical checkups, but that would be illegal, go figure).
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02-08-2017, 02:46 AM
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Join Date: Feb 2017
Posts: 77
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Quote:
Originally Posted by jstubbs
This sort of stuff scares the wits out of me as a young guy. All the baby boomers going into elder age on CPP are going to fully bankrupt this country (never mind the healthcare costs!) and I have zero faith in any governmental aptitude in figuring out a solution beyond taxing my future earnings to the moon and back.
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Further to this point -- obviously, I think this is really important -- in 1984 I went out and voted for Mulroney to stop the T1 spending spree, which was the basis of the PC platform, and he pretty much doubled it. He punted! 1984!The question becomes, "How long is the damn field?"
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02-08-2017, 07:08 AM
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Join Date: Jan 2010
Location: Edmonton
Posts: 6,470
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For those that agree that it should be raised to a higher age. I hope you don't get laid off and have to try to find a job. Not very many employers want to hire someone around the age of 60 these days. They are looking for the younger people to fill most positions unless it's for a senior managers position.
Just maybe they should be investing the CCP monies better and not diverting money from that account to cover other over expenditures.
Another failed election promise. Does that surprize me ? NO !
__________________
Kim
Gonna get me a 16" perch.
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02-08-2017, 08:39 AM
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Join Date: Feb 2008
Posts: 3,095
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Quote:
Originally Posted by Sneeze
Increase the retirement age so public sector workers can retire earlier!
Makes sense actually.
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http://fairpensionsforall.net/
Many do. However many take second job, in government start double dipping if they work 3-5 years. Then government sector worker has two pensions before 65. The worst are highest managers, directors. They come back consulting at $500.00/hr.
These are people that need punitive actions against. There are many. Look up Sr. consultants in any public sector. Just cannot release power.
Sad result hinders progress of others. Government failure.
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02-08-2017, 09:53 AM
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Join Date: Aug 2008
Location: Between the mountains and the prairies.
Posts: 1,949
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Quote:
Originally Posted by calgarychef
It should scare the hell out of you! The boomers have known for decades that they weren't paying enough into the pool to look after themselves, they didn't have enough offspring to look after themselves either. It leaves a huge problem and that's why we see so much immigration because "someone" needs to work to support the boomers. The worst is yet to come.
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The baby boomers are generally considered to have been borne from 1946 to 1964 and they had lots of offspring. It's the generations since then that have decided not to have kids.
__________________
Life is too short too shoot ugly guns.
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02-08-2017, 10:04 AM
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Join Date: Aug 2009
Posts: 3,197
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Quote:
Originally Posted by lmtada
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My favorite is they use their significant financial resources to run side businesses that compete against me. Tough to quote the same as a 55 year old teacher on a full ride pension who can do business for half the cost I can because every month the big guy sends him 5k for existing.
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