old age benefit questions

Hi,

Not certain but I think CPP is contribution driven. At least that's what they told me. But I thought I had read elsewhere that one had to contribute ten years minimum. Makes a difference to me but it in a way it doesn't make a difference: I have to make the CPP contribution regardless even though I cannot contribute for ten years prior to "retiring" (recent CBC story reported that well over half of Canadians plan to continue working . . . and more than a third are, for financial reasons, on the same retirement plan as I am: work until I die).

In any event, less than ten years worth of CPP contributions means the benefit payable will be minimal at best, so nothing to count on much toward supporting oneself even if one does collect it after, say, contributing for seven years.

No eligibility for old age benefits for ten years; that is, last I looked, definitely not available unless one has resided (as in paid taxes AND lived) in Canada for ten year minimum -- question I do not know answer to in regard to this is whether one can delay "retiring" to an older age in order to get the ten years, or whether it has to be ten years prior to reaching that age.

And those answers are?

As in, do you know for sure if you come to Canada at age 58, say, can you wait to "retire" at age 68 and still be eligible for the old age benefits? (That is, if you have not lived in Canada for ten years at retirement age, can you wait to retire until you have been in Canada ten years and thus become eligible for the benefit?)

And for CPP: is it true (like they told me) that if I retired after seven years of contributing I would get a benefit based on what I contributed . . . no ten year minimum contribution period for this?

LAPP (Local Authority Pension Plan) is also one of the Pension contribution authorities, once you reached the ( factor 85 ) you get your full salary at the retirement.