Finance committee  The percentage of GDP spent on the program starts to decrease slowly, and it reaches about the same level as it is today at around 2060.

Finance committee  The demographics speak for themselves. It's clear that the demographics are putting pressure on the OAS program.

Finance committee  It's completely funded through the general tax revenues.

Finance committee  I have a few figures that might be worthwhile to look at. According to the labour force survey of Statistics Canada, a decade ago about 200,000 seniors were employed. Today it's over half a million. For young seniors, those age 65 to 69, it's even more pronounced; their employme

Finance committee  It's more than that. I think it's about 325,000 individuals who turn 65.

Finance committee  That's about right, yes.

Finance committee  Between now and 2030, there will be about nine million individuals who turn 65.

Finance committee  Between 2011 and 2030, so over the next—

Finance committee  The expenditures for the OAS program are tripling and that's due to two main demographic factors. One is the increasing life expectancy, as people are living longer. Individuals who turned 65, let's say, in the 1970s lived for about another 16 years.

Finance committee  Right. Today, an individual who turns 65 lives for about another 20 years. By 2030 it will actually increase to 22, another two years.

Finance committee  In the 1970s there were about seven working-aged Canadians for every senior. Today, there are about four working-aged Canadians for every senior and by 2030 that will be half, or about two working-aged Canadians per senior.