Pension payments, as varied as they are, should therefore be indexed to the average wage. That was originally the case for Old Age Security. The government wanted to save money on the backs of seniors and retirees. However, you are saying that if we maintain the current calculation method, the gap between the Old Age Security pension and rate of replacement will increase. If nothing is done now, today’s youth will have even less money when they retire. That supports your request to index the pension to average wages and not the Consumer Price Index, as well as applying the increase as of 65 years old.
On October 1st, 2024. See this statement in context.