The Most Amazing, Extraordinary, Unusual Day
It was that kind of day. Truly earth shattering.
I got ‘my’ letter. The letter. The one from the Canadian Federal Government that says I have been approved to receive my Canada Pension Plan starting in January. (For my American friends, this is the equivalent of Social Security.)
I’m almost retired – even though I plan to work for another decade.
Holy Hannah – it feels important.
How did this come about? The federal government decided that if you were over 60 as of January 1, 2012 you could receive your Canada Pension Plan even though you’re still working full time.
This is a big change in policy for the feds. As soon as I heard about the possibility (big thanks to my daughter Sabrina) I called their office and asked the important questions: “When does it start? And how much does it pay?”
The answer to the first is January 1 and to the second: “Enough.” You get less than if you wait for the ‘official’ date of retirement, which is seventy. But as long as I continue to contribute, my federal pension at seventy will increase at that time.
Since I’m single and since I bought a real estate investment to live in (ie a house), I’m going to use this to pay down my mortgage. It means I will have my house paid off fairly quickly. That’s cool.
It doesn’t matter how I cut it, once I signed the application, I acknowledged that I am willing to receive a pension. Me…sweet young thing Louise, getting a federal pension. Who’d have thought it could happen to … me?
I’ll take my tongue out of my cheek now. Yes, I know how old I am. After all, I have grandchildren. My son turned forty this year. But I have to tell you, being approved to receive a pension caused me a few moments of consideration. Like it or not, I’m getting older.
Bring on the Botox…it must be time to start paying attention.