Old Age Security benefit rates increase for the July-September quarter
Last month, Human Resources and Skills Development Canada announced the quarterly benefit rates for Old Age Security (OAS), effective July to September 2011.
As of July 1, the basic OAS pension benefit, paid to people 65 years of age and older, will be $533.70 per month.
This represents an increase of 1.3 percent. Payments under the Guaranteed Income Supplement (GIS) and the Allowances will also increase by 1.3 percent. Beginning this month, seniors with little or no income will receive a new GIS top-up benefit of up to $600 for single seniors and $840 for couples. This additional annual benefit is part of Budget 2011.
This represents an increase of 1.3 percent. Payments under the Guaranteed Income Supplement (GIS) and the Allowances will also increase by 1.3 percent. Beginning this month, seniors with little or no income will receive a new GIS top-up benefit of up to $600 for single seniors and $840 for couples. This additional annual benefit is part of Budget 2011.
For further information, please consult the Human Resources and Skills Development Canada website at www.hrsdc.gc.ca.
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