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HomeMy WebLinkAboutThe Brussels Post, 1965-09-23, Page 4What Will the Plan cost you? If you are employed and, like Huguette, have earnings of $2,938 spread evenly over the year, you will pay at the rate of 810 a week. Your employer will pay the same amount. Issued by authority of the Minister of National Health.and Welfatti. Canada, The Honourable Judy LaMar*. Baussims VOsT, auvousuk upwww 11:ItiltS1)4 f k •$'4Filt nada'erasion Plan its mien Here is what the Canada Pension Plan will do for people like Huguette Samson, a 22-year-old married woman who earns $56.50 a week. Huguette and her husband, who is earning 54,200 a year, hope that Huguette will work for a few years before family needs require her attention full time. Assuming that Huguette does just this, her contributions to the Plan will benefit her in several ways. For example, if she works only for another five years, at age 65 she will receive a small retirement pension of $8.38 a month in addition to her $75 a month Old Age Security. Through her husband's contributions to the Plan, should he die when they have three young children, Huguette would receive'a widow's pension of $57.81 a month plus $25 a month for each child—a total of $132.81 a month. She would also receive a. lump sum payment of $500, At age 65, based upon both her own and her husband's contributions she would receive a pension of $57.53 a month plus $75 a month Old Age Security— a total of $132.53. If she decided to supplement her income at any time by returning to work, she could still receive the widow's and orphan's benefits, could substantially increase her retirement pezisiota, and could also ensure her entitlement to a disability pedalo* gibe becalm disable& All benefits under the Plan will maintain their value. The actual benefits payable will probably be higher than those given here since benefits will be adjusted to meet changes in living costs and in wage levels before they are paid and changes in living costs after they become payable. This advertisement is one of a series which relates some of the important benefits of the Canada,Pension. Plan to , individual circumstances.