What is Canada’s public pension eligibility-age policy and how does it compare with most other OECD and G20 nations?

4.2) Eligibility-Age:

• What is Canada’s public pension eligibility-age policy and how does it compare with most other OECD and G20 nations?
• If Canada maintains its current eligibility-age policy, what will be the age-eligible share of the population in 2031? Assuming a PAYGO financing scheme and that benefits are fully wage-indexed at 0.25, over the same timeframe what will be the effect on contributions? Given Canada’s pension financing scheme, are the calculated contributions rates likely to be a lower- or upper-bound estimate on actual contribution rates?
  Under the same financing assumptions, how do the number of beneficiaries and the contribution rates change if the eligibility-age increases by two months each year between 2019 and 2031?[1] Plot the number of beneficiaries and contribution rates under the two scenarios from 2019 through 2031.
• Is an age-based eligibility criterion warranted?

[1] Hold fixed the labour force participation rate at it’s 2019 level for years 2020-2031.