NIA Celebrates National Seniors Day 2024

On October 1st, as we celebrate National Seniors Day and the International Day of Older Persons, we honour the invaluable contributions of older adults who have shaped our communities. At the same time, National Seniors Day is also a time to recognize the significant challenges many older adults face. 

To meet these growing challenges, the NIA adopted a new strategic plan in 2024 with a bold vision: a Canada where older adults feel valued, included, supported, and better prepared to age with confidence.

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National Institute on Ageing
Helping Older Adults Feel Less Isolated and Lonely this Holiday Season

The holidays can bring up a range of emotions for many of us and especially older persons during the holiday season. Whether it is reminiscing about a partner, relative or friend who passed, or being away from children or loved ones, the holidays can increase feelings of loneliness especially among older adults.

Earlier this month, the National Institute on Ageing (NIA) launched a new report to better understand the factors driving the growing epidemic of social isolation and loneliness among older Canadians. The NIA shares five ways to increase social interaction and make older adults you know feel more appreciated and included this holiday season and beyond.

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National Institute on Ageing
$334 Billion – The Devil in the Actuarial Details

The Alberta government has released a consultant’s report that includes a $334 billion estimate of the asset transfer from the CPP fund to a new fund to be established for a standalone Alberta pension plan.

There are three distinct issues with this number. First, the provisions in the CPP Act concerning the asset transfer are not particularly clear. Second, the number is calculated using data by province of residence whereas CPP operates on the province of employment. Last but not least, the transfer represents 53% of the CPP fund and that seems too big when Alberta represents only 16% of CPP contributions.

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