I thank Andrew Coyne for stepping back from the OAS discussion and outlining some alternative routes forward.
The idea of expanding the GIS to compensate for a delay of the payment of OAS is one worthy idea to consider.
Perhaps looking at the claw back is another.
With respect to Jack Mintz’s idea of actuarial adjustment, I wonder if it would not be possible to look at the health of recipients, particularly those who are partially disabled in their 60’s to accelerate the payment of OAS? Is it fair to deny a person in ill health a pension when the problem is long lived people who pull money out of the system for 20 to 30 years after they turn 65?
Maybe what the government needs to do is to encourage smoking among people over 50 years of age. That action on its own should solve the pension crisis.