Are boomers getting too sweet a deal from OAS and CPP?
Are baby boomer retirees enjoying themselves at the expense of their kids and grandchildren, the would-be workers of today and tomorrow?
But when it comes to Canada's public pensions at least, boomers have been getting a pretty good deal, claims blogger Michael James. With the help of a couple of readers, he documents just how little today's retirees have actually had to put aside to fund the pensions they expect.
"My take is that CPP has been unfair, but is headed in the right direction, if glacially. On the other hand, OAS is still in need of fixing. All potential changes proposed for OAS are likely to be unpopular, but something has to change," James writes.
Nor does it deal with thorny issues like acknowledging same sex relationships, an option never available to those who've already retired.
But it is on the right track, nonethless -- something to keep in mind in the midst of all the rhetoric over means tests and raising the retirement age.
Do public pensions need to change? Is raising the current retirement age by two years, for instance, fair? Or is it too little, too late?
By Gordon Powers, MSN Money