The financing is from general revenue, so we prepare the projections of OAS benefits. Of course, there are no revenues, no contributions, in OAS. We project future benefits every three years.
On November 14th, 2016. See this statement in context.
On November 14th, 2016. See this statement in context.
November 14th, 2016 / 5:30 p.m.
Director, Canadian Pension Plan, Old Age Security, Office of the Chief Actuary, Office of the Superintendent of Financial Institutions
The financing is from general revenue, so we prepare the projections of OAS benefits. Of course, there are no revenues, no contributions, in OAS. We project future benefits every three years.
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