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What would be the amount of her annual OPP pension

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Question - Sandra is looking at her options when it comes to applying for her Quebec Pension Plan (OPP). She knows that the age at which she begins receiving this retirement pension will affect her income for the rest of her life, so she wants to choose wisely. She is weighing two scenarios; one is to retire now and to start receiving this pension at age 65 while the other scenario is to delay the OPP pension to age 70. If she starts receiving her OPP at age 65, she will receive the maximum annual pension of $15,043. What would be the amount of her annual OPP pension if she decides to delay it to age 70?

Reference no: EM133157246

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