A third pension-related proposal is to automatically enroll eligible Canadians in the Canada Pension Plan (CPP).
Currently, Canadians have to apply to receive CPP by the age of 70. Those who don’t meet the deadline don’t receive the benefit, even if they’ve contributed to the plan.
In other words, “You should be receiving a cheque, but you’re not,” said David Macdonald of the Canadian Centre for Policy Alternatives.
Some 40,000 seniors over the age of 70 are estimated to be missing out on their CPP payments. That would change starting in 2020.