Centennial College Retirees Association (CCRA)


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Good News for Seniors Concerning the Ontario Drug Benefits Deductible and Co-Pay Issue

CARP welcomes Ontario Ministry of Health and Long Term Care reversal of proposed increases to Ontario Drug Benefit Deductible and Co-pay -- Plus Support for a National Pharmacare Plan!
FOR IMMEDIATE RELEASE
April 4, 2016
Toronto, ON: CARP welcomes Ontario Ministry of Health and Long Term Care reversal of proposed increases to Ontario Drug Benefit deductible and co-pay and Minister Hoskin’s reiteration of support for National Pharmacare Plan.
CARP is pleased to report that the Ministry of Health and Long-Term Care has listened to Seniors in Ontario and will not be increasing the $100 annual deductible nor the $6.11 co-payment in the Ontario Drug Benefit plan, following consultation with CARP and other stakeholders regarding the 2016 Provincial Budget and proposed increases to the Ontario Drug Benefit deductible and co-payments. 
In its submission to the Ministry of Health and Long-Term Care, CARP pointed out that the proposed changes in the 2016 budget; a dramatic 70% increase in the yearly deductible and a 17% increase in the per-prescription co-payment, would be a burden on lower income seniors who are above the new $19,300 single income threshold.
CARP members in Ontario will welcome the province’s increase in the deductible threshold from $16,018 to $19,300 for single seniors and from $24,175 to $32,300 for senior couples that will exempt an additional 173,000 seniors in Ontario, as well as the newly promised indexation of the threshold that will increase the number of low-income seniors who qualify by approximately 30,000 per year.
“Any increase in the number of Ontario seniors who will not have to worry about their ability to cover the costs of their prescription medication is welcome news.  Knowing that the government has listened to CARP members and paused their proposed increase in the deductible is another win for seniors in Ontario” said Wanda Morris, CARP’s COO and VP of Advocacy.
CARP has long been advocating for a National Pharmacare Plan with provinces working together to create a robust, universal formulary that takes advantage of bulk buying to provide cost efficient access to all Canadians. CARP members welcomed Minister Hoskin’s reiteration of The Ministry of Health and Long-Term Care’s commitment to work with other provinces and the federal government toward a national pharamcare plan.  CARP looks forward to collaborating with Minister Hoskins and other Ministers of Health across Canada to expediently bring that national drug plan to fruition.
Our Thanks to Anna Sotnykova from CARP National for this timely information.

 Ontario’s NEW Estate Process  

There has been changes made to the Ontario’s Estate process.  In the OPSEU Retired Members Division – Autumn View publication (Edition 2, 2015), there is an article about Ontario’s NEW Estate Process.  The article is written by Léony de Graff Hastings of deGraaf Financial Strategies.  Here is the link to the article on “deGraaf Financial Strategies” site.   This article is provided for general educational purposes and not to be construed as personalized financial, tax or legal advice.  

 Click here for the link to the Ontario Ministry of Finance site to see more details about the Estate Administration Tax (EAT).
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Information about CAAT Pension Plan
The latest CAAT Pension Plan Retired Member Newsletter is available.
  ( April 2019 Newsletter  )   

2019 Pension Update - see details
2018 Pension Update - see details
2016 Pension Update - see details
2015 Pension Update - see details
2014 Pension Update - see details

2013 Pension Update - see details


Related links:
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OCRA (Ontario CAAT Retirees Association)

OCRA is the "voice for Ontario CAAT Retirees"  Click here to see details.

OPSEU Retired Members Division          

Click here to see OPSEU Retired Members Division. Autumn View is a publication of the OPSEU Retired Members Division which provides various articles for retirees.

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Retirees Benefits: Myth Busters

Find out more about this myths by clicking here

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 REPORTS

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Kwantlen Polytechnic University - KPU:          Potential Retirees’                                                                                                                Association Consultation

Here is the interim report produced by Kwantlen Polytechnic University looking into forming a retirees association for their institution.  CCRA participated in the survey that was gathering information.