Conservative's Budget To Reset Retirement At Age 67

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The Conservative government will ask millions of Canadians to push back their retirement as part of a landmark budget that stresses bold action now to position Canada's economy in the face of major demographic changes to come.

Ottawa will unveil plans Thursday to delay Old Age Security benefits until age 67, The Globe has learned, confirming Prime Minister Stephen Harper's long-telegraphed blueprint for retirement reform. The OAS changes will be phased in over a number of years, creating a generational divide between Canadians who will receive the benefit -- worth more than $6,000 a year -- at age 65 and other Canadians who will have to wait longer.

Read the whole story at The Globe and Mail