Those already getting CPP will see their benefits increase in the new year. The amount is going up by 1.8 percent. For new recipients – at 65 – the maximum CPP retirement benefit will be $1,065 per month. CPP benefits are revised once a year and are adjusted based on the cost of living or the Consumer Price Index. Meantime, OAS benefits will remain the same for the first quarter of 2015. The basic old age pension will stay at $563.74 per month. Those benefits are measured quarterly.
Those already getting CPP will see their benefits increase in the new year. The amount is going up by 1.8 percent. For new recipients – at 65 – the maximum CPP retirement benefit will be $1,065 per month. CPP benefits are revised once a year and are adjusted based on the cost of living or the Consumer Price Index. Meantime, OAS benefits will remain the same for the first quarter of 2015. The basic old age pension will stay at $563.74 per month. Those benefits are measured quarterly.
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