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Positive change to CPP early retirement benefits requirement

3 December 2019 No Comment

senior hands holding cane

Good news from Disability Alliance BC. See below.

The Ministry of Social Development and Poverty Reduction (MSDPR) has sent out a letter to their clients that as of January 1, 2020 the Ministry will no longer require clients between the ages of 60 and 64 to apply for federal early Canada Pension Plan (CPP) retirement benefits in order to be eligible for income or disability assistance or to avoid a reduction in the amount of their assistance.
If you will be under 65 years of age as of January 1, 2020, you may be able to cancel your early CPP retirement benefits if it has been within six months since the first payment. You also may be able to withdraw your CPP early retirement application if you have not yet received a payment.
Please be aware that if you cancel your early CPP retirement benefits you will have to repay the federal government for any amounts you have received and the MSDPR will not give you the money back.

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