Poverty or Pension?

Many retirees these days are revisiting their retirement and pension plans to see if they’ll have enough funds to weather the global recession. In Canada, 35% of seniors receive the federal Guaranteed Income Supplement benefit, which ensures that individuals receive a minimum annual income (including Old Age Security benefits) of at least $13,683. This level is still below the level set by the government as the deemed poverty level ($15,336 for 2008). CARP is now proposing that the government

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