Ms. Nancy Milroy-Swainson at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On October 18th, 2016. See this statement in context.

October 18th, 2016 / 9:15 a.m.

Director General, Seniors and Pensions Policy Secretariat, Income Security and Social Development Branch, Department of Employment and Social Development

Nancy Milroy-Swainson

It's the chief actuary of Canada that does estimates for those expenditures.

Restoring the age of eligibility to 65 would increase OAS program costs by $11.6 billion in 2030, which is the first year it would be fully implemented. That takes into account the increase in July for the lowest-income seniors. It would move the OAS projected expenditures as a percentage of GDP by 0.33%, from 2.73% of the GDP up to 3.06%.

See context to find out what was said next.