The February 27, 2018 Federal Budget included several changes to CPP: 1. increasing retirement benefits under the CPP Enhancement both for parents who take time off work to care for young children, and for persons with severe and prolonged disabilities 2. raising survivor’s pensions for individuals under age 45 who lose their spouse, by providing a full survivor’s pension instead of the current reduced pension that is linked to the age of the widow or widower. 3. providing a top-up disability benefit to retirement pension recipients under the age of 65 who are disabled and meet eligibility requirements. 4. increasing the death benefit to its maximum value of $2,500 for all eligible contributors.
Federal Budget changes to CPP
by Heidi Pullem | Mar 2, 2018 | Tips