O is for OAP – Preparing for a Badass Retirement #AtoZChallenge

O is for becoming an OAP

Housekeeping: At least one person is still unable to comment so I have deleted my current Subscribe to Comments plugin (a possible culprit).  Hope this fixes things and so sorry for any inconvenience. I will continue to search for ways to improve ye olde blogge and for communicating with me. I have set up an email address associated with the blog – please feel free to contact me at theWB@widowbadass.com

According to my Collins Essential Canadian English Dictionary and Thesaurus (consulted for “O” words yesterday), an OAP  is an old-age pensioner. A blanket term referring to those who now eagerly await their monthly government buckeroos so they can hit Seniors’ Day at Shoppers Drug Mart with gusto, followed by a well-deserved coffee klatch at Timmie’s! 😉

Where I live, the Shoppers Drug Mart is directly across the street from the Tim Hortons. Someone is clever like a fox, no?

I can’t believe I am here…at the Letter O already…and I do not know how much $$ I will be receiving from the government when I turn 65.

In Canada, the government benefits for retired people are the Canada Pension Plan and Old Age Security. CPP is what working Canadians pay into (along with their employers) with every cheque, and OAS is for everyone, and eligibility is based on residency requirements and is adjusted based on annual income.

In the process of perusing the Government of Canada website for information and using their retirement calculator, I found out these things:

  • the average Canadian receives $644 monthly;
  • I don’t have a CPP statement of contributions and benefits (very much needed to proceed), and;
  • to get my CPP statement of benefits information, I have to apply for it, and;
  • a special access code and/or the statement will be mailed to me. I have forgotten already which I am getting but all I know is that I can’t proceed any further until I get the magic info by mail.

So, I have done all of the above and now I must wait for the snail mail to come in.

Rock ever so slowly on,

The WB

 

 

 

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