Essay on Canadians Aging Population - 1999 Words

There is diversity among all Canadian, hence there is differences among the aging population. Not all seniors are aging well and have the appropriate programs and services to meet their needs. Some seniors are victims of abuse and some are living in isolation and poverty. Some seniors suffer from chronic illness and other socio-economic factors limit the amount of money they can put away for retirement. Hence these middle and low income elderly retirees will have to depend mainly on the pension plan that is offered between the age of 60- 65. The age of 60-65 is regarded in Canada as the age of retirement. This paper will focus mainly on the disadvantaged older populations. The disadvantaged older populations are those who are currently†¦show more content†¦These concerns were reinforced by the fact that many elderly Canadians were applying for public relief.† However, it was not until several provinces began complaining about the amounting cost of relief that lead to the federal old age pension scheme. â€Å"Guest (as sited in Chappell, 2006) the federal government made a commitment to assist the elderly and the old age pensions act was established in 1927.† All Canadians were entitled once they reach the age of seventy or older in contrast to today, one can retire at the age of 60-65. The Canadian government eventually shared the cost of relief with the provincial government. The old age pension act has been criticized because of the inadequate in benefit pay outs. According to Guest (as sited in Chappell, 2006) in 1951, the old age pension was replaced by two pension plans, Old Age Security and Old Age Assistance.† The Old Age Security provides universal benefits and was funded by the federal government while the Old Age Assistance was funded by the federal and provincial government and managed by the province. As Guest (1997) pointed out, The Canadian Pension plan and Quebec Pension Plan was introduced in 1965 which individuals could collect once they retired, however they had to have made contribution between the ages of eighteen to seventy years of their working life. People also had the opportunity to contribute toShow MoreRelatedEssay on Shortage of Physicians In Canada1624 Words   |  7 Pagesexpected one in four Canadians will be 65 years or older, compared to 13 per cent currently. This will put a huge strain on the country’s health care system (Macleans, 2008 p.2). 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