Mr. Speaker, the only crisis for OAS is the one the Conservatives have chosen to create.
A review of Canada’s retirement income system by pension experts of the OECD had this to say:
Canada does not face major challenges of financial sustainability with its public pension schemes....Long-term projections show that public retirement-income provision is financially sustainable.
A report from Kevin Page, the Parliamentary Budget Officer, also agrees that OAS is easily sustainable
Prior to the May 2011 election, our leader Jack Layton and I announced the New Democrats’ retirement security for seniors plan. During that election, the New Democrats were clear on pensions. In fact, our very first platform plank was on pensions and increasing the GIS to raise seniors out of poverty.
One would think that if the Prime Minister was considering forcing Canadians to work two extra years before retiring, he just might mention it in an election campaign, unless of course he believed it would cost his party votes.