Old Age Security changes could affect those under 57

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OTTAWA (NEWS1130) – It looks like the Harper government is finally ready to confirm changes are coming to Old Age Security in the next budget.

The government has decided to issue a firm policy on this rather than just continue talking about the possibility for a few years.

The leading option is to raise the eligibility for Old Age Security — not the average CPP — to 67 from 65; it’s something Prime Minister Stephen Harper has publicly confirmed is under discussion.

There’s talk of phasing in the changes by the year 2020, which would mean if you are currently 57 years or older, you would not be affected.

The budget will likely be tabled late next month, though Ottawa hasn’t picked the exact date yet.

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