DCHP-2

Old Age Security OAS, old-age security, old age security DCHP-2 (October 2016)

• n. — Administration

  a federal pension program that oversees the payment of pensions to Canadian citizens over a certain age (now 65).

  Type: 2. Preservation — The Old Age Security program was officially introduced in Canada in 1951 with the passing of the Old Age Security Act. After an amendment to the British North America Act, the federal government began to operate a pension plan for citizens 70 years of age or older. Old age security initiatives in North America can be traced back to the American Federation of Labor which, under the leadership of Samuel Gompers, dominated and influenced the Canadian union movement by 1900 (see also Babcock 1974: 29-37). The Canada Pension Plan came into effect in 1966 to remedy shortcomings of the Old Age Security program.
  Today, the term Old Age Security is overwhelmingly used in Canada (see Chart 1) and is administered in conjunction with the Canada Pension Plan.
  See also Maple Leaf Web and Canadian Encyclopedia references.
  See also COD-2, s.v. "old age security" which is marked "Cdn."

  See also: British North America Act  Guaranteed Income Supplement  Canada Pension Plan  OAS  Registered Retirement Savings Plan