Liberals will return age of eligibility for old age security to 65 in next week’s budget: Trudeau

NEW YORK – Next week’s federal budget will restore age eligibility for senior years security to 65, says Pm Justin Trudeau.

Trudeau says the choice by the previous government to increase it to 67 would be a mistake and there must be more thought provided to the system of supporting seniors.

“Tweaking age like this is an extremely simplistic solution that won’t try to a very complex problem,” Trudeau said during an interview today with Bloomberg.

The Conservatives announced in 2012 they would enhance the chronilogical age of eligibility starting in 2023, arguing the system was not sustainable, given the more and more seniors who’d start qualifying for that payments.

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The Liberals pledged throughout the campaign to reverse that. Trudeau said questions have to be inquired about how to keep seniors within the workforce longer and healthy longer, yet still time recognizing that what works as a retirement age for just one might not be the best fit for another.

“A nuanced and responsible discussion around that is what we’re waiting for,” he said.

The budget is to be tabled on Tuesday and Trudeau says the Canadian economy doesn’t have to become jolted into life because it did after the 2008 recession.

He says it is more essential to lay the building blocks for longer-term growth, that will also determine how the Liberals’ infrastructure budget will roll out.

Trudeau says the first 2 yrs will be the “unsexy” things governments hate to announce because they do not get to cut ribbons and announce shiny new buildings. They’ll include spending on such things as signals for subways, he said.

“Things which are essential to keep the pace in relation to transit of people but that do not get the flash, but they are much needed,” he said.