Human Resources and Skills Development Canada

Human Resources and Skills Development Canada

March 04, 2011 09:00 ET

Old Age Security Benefit Rates Effective April 1, 2011

OTTAWA, ONTARIO--(Marketwire - March 4, 2011) - Human Resources and Skills Development Canada today announced the quarterly benefit rates for Old Age Security (OAS), effective April to June 2011.

As of April, the basic OAS pension benefit, paid to people 65 years of age and older, will be $526.85 per month. This represents an increase of 0.5 percent. Payments under the Guaranteed Income Supplement (GIS) and the Allowances will also increase by 0.5 percent.

The OAS program consists of the basic pension, the GIS and the Allowances. The GIS and the Allowances provide additional benefits to eligible low-income pensioners and their spouses or common-law partners, as well as to eligible survivors. OAS benefit rates are revised quarterly (in January, April, July and October) to reflect increases in the cost of living, as measured by the Consumer Price Index. OAS benefits will have increased by 1.9 percent since July 2010.

The OAS program is funded through general tax revenues and enhances the quality of life of Canadian seniors by providing a modest base upon which to build additional income for retirement. It provided 4.8 million seniors with $35 billion in 2009−2010. 

For further information, please consult the Human Resources and Skills Development Canada website at www.hrsdc.gc.ca.

This news release is available in alternative formats upon request.

BACKGROUNDER

MAXIMUM OLD AGE SECURITY BENEFIT RATES AS OF APRIL 1, 2011

 
Type of Old Age Security benefit

Maximum monthly benefit rates
April to June 2011

Previous quarter January to March 2011

Basic Old Age Security pension

$526.85

$524.23
Guaranteed Income Supplement    
Single $665 $661.69

Spouse/Common-law partner of
   
  a non-pensioner $665 $661.69
  a pensioner $439.13 $436.95
  an Allowance recipient $439.13 $436.95
The Allowances    
  regular $965.98 $961.18
  survivor $1,070.78 $1,065.45

Contact Information

  • Office of Minister Finley
    Michelle Bakos
    Press Secretary
    819-994-2482
    or
    Human Resources and Skills Development Canada
    Media Relations Office
    819-994-5559