Deferring Receipt of Public Pension Benefits: A Tool for Flexibility

Abstract

Retirement savers would benefit from greater flexibility and security with a longer Canada and Québec Pension Plans (C/QPP) deferral period, according to a new report by the C.D. Howe Institute. In “Deferring Receipt of Public Pension Benefits: A Tool for Flexibility” authors Antoine Genest-Grégoire, Luc Godbout, René Beaudry, and Bernard Morency show that deferring receipt of public pension benefits makes retirement planning cheaper for Canadians who use capital accumulation plans such as RRSPs and defined contribution plans.

Keywords: Retirement Saving and Income; Adequacy of Retirement Savings; Individual Retirement Savings; Public Pension Plans; Seniors’ Benefits

JEL Classification: H55