Tag: retirement age

NDP 2019: Much Needed Retirement Policy to Reflect Changing Demographics

The policy recently announced at the NDP 2019 Rally by the Prime Minister is overdue and the right one. For the senior citizen community, such a policy will support them working a few more years and allow them to put away more savings when they do retire. The legal retirement age will go up to 63 in 2022 and 65 in 2030 – a slow phased-in approach to allow employers and employees ample time to adjust to the policy changes. Here are the reasons why seniors should welcome this policy.

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