What I like about the OAS change, and Arthur Sweetman mentioned the point, is the ability to choose when you start taking it. And it is actuarially fair. If you wait three or four years, the amount is adjusted for the reality that you waited three or four years to take it. I think one of the design elements we need in the system is to give people more choice and more options as to how they retire, when they retire, and whether there is a gradual phase-in of retirement. These all need to be part of what we think of as a holistic solution.
On June 1st, 2012. See this statement in context.