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IPC Special Report 

Changes in Canada Pension Plan: Increased Flexibility for Retirees

These days, some Canadians want to retire early, while others want to keep working past 65.Many more wish to ease into retirement by continuing to work part-time. Regardless of individual circumstances the following changes will impact most Canadians.

On May 25, 2009, The Minister of Finance outlined proposed changes to the Canada Pension Plan (CPP)1. The goal, according to a Department of Finance paper released to coincide with the announcement is to “better reflect the many paths people take to retirement” and to “provide greater flexibility for older workers to combine pension and work income if they so wish; modestly expand pension coverage; and improve fairness in the plan’s flexible retirement provisions.” These changes were included in Bill C-51, which received Royal Assent on December 15, 2009.

Attached is a Special Report for your review.

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