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Wednesday August 20th 2008

Canada Pension Plan (CPP) Retirement

May 23, 2008 - 2:50pm
About: 

A CPP retirement pension is a monthly benefit paid to people who have contributed to the Canada Pension Plan. The pension is designed to replace about 25 percent of the earnings on which a person's contributions were based.

Eligibility

You qualify for a CPP retirement pension if you have made at least one valid contribution (payment) to the Plan and if:

  • you are at least 65; or
  • you are between 60 and 64, and meet the earning requirements set out in the legislation.

Your retirement pension does not start automatically. You must apply for it (unless you already receive a CPP disability benefit and turn 65, at which point your disability benefit automatically changes to a retirement pension).

More information: 

http://www.hrsdc.gc.ca/en/isp/pub/factsheets/retire.shtml#c

How to Apply
More information: 

http://www1.servicecanada.gc.ca/en/isp/common/rtrinfo.shtml

Website: 
Service Canada - Canada Pension Plan (CPP)
( categories: Applying For... | Canada | Seniors/Elders | Workers' Rights )
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