WHEREAS increases in both Canada Pension benefits and Old Age Security benefits are governed by the Consumer Price Index in Canada, and
WHEREAS many of the items included in the ‘basket of items’ used in the calculation of the Consumer Price Index are not necessarily relevant to seniors who are recipients of these benefits (furniture, appliances, child care services, etc.),
THEREFORE BE IT RESOLVED that the National Pensioners Federation urge the Federal Government to create a Consumer Price Index for Seniors, revamping the list of items included in the ‘basket of items’ used in the calculation of the Consumer Price Index and to give extra weight in the calculations to essentials like food, electricity, heat, etc.
Submitted by OLD AGE PENSIONERS ORGANIZATION OF B C and COUNCIL OF SENIOR CITIZENS ORGANIZATIONS of B C