Surprisingly, it may be for the better.
It certainly will provide him more $s to use for G8/G20 projects, more prisons and funding more activities to encourage China buy our climate-impacting shale oil...
Looks like it might be best to wait till 70, if you haven't already started to collect.
When we elected to start CPP at age 60, it would take living until 78 to be more beneficial to wait till 65 to begin.
The new plan will mean a reduction of 36% (instead of 30%) if you start at 60.
If you wait until 70 years of age to start, you will receive an increase of 42% (instead of 30%).
There is no impact to those already on CPP.
If you are healthy and have good genes (or really need/want to work longer), it looks quite beneficial to wait until 70.
Many more details in the Star article.
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