NEW YORK – Next week’s federal budget will restore age eligibility for senior years security to 65, says Prime Minister Justin Trudeau.
Trudeau says the decision through the previous government to improve it to 67 was a mistake there must be more thought given to the system of supporting seniors.
“Tweaking the age like this is a very simplistic solution that won’t try to a really complex problem,” Trudeau said during an interview today with Bloomberg.
The Conservatives announced this year that they would raise the age of eligibility starting in 2023, arguing the system wasn’t sustainable, because of the increasing numbers of baby boomers who would start qualifying for that payments.
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The Liberals pledged during the campaign to reverse that. Trudeau said questions need to be inquired about how you can keep seniors in the workforce longer and healthy longer, yet still time recognizing that the things that work like a retirement age for one may not be the best fit for another.
“A nuanced and responsible discussion around it is exactly what we’re waiting for,” he said.
The finances are to become tabled and Trudeau says the Canadian economy doesn’t need to be jolted into life as it did following the 2008 recession.
He says it is more important to lay the building blocks for longer-term growth, which will also determine how the Liberals’ infrastructure spending plan is going to roll out.
Trudeau says the very first two years will be the “unsexy” things governments hate to announce because they do not reach cut ribbons and announce shiny new buildings. They’ll include spending on things like signals for subways, he explained.
“Things which are essential to keep the pace up in terms of transit of people but that don’t obtain the flash, but are desperately needed,” he explained.
