In 2024, the regular maximum CPP payment is $1,364.60 per month. CPP benefits are adjusted every year. If a person retires at age 60, the monthly amount decreases by 36%. If a person retires at age 70, the amount increases by 42%. The average old age security pension (OAS) for 2024 is $713.34/month*. OAS benefits are adjusted every quarter and starts at age 65. You can receive up to a 36% premium if you delay receiving OAS until age 70. Starting July 2022, seniors who are 75 years and older in will see a permanent increase of 10% to their Old Age Security pension. Assume CPP/OAS amounts go up 1.5% every year, how much CPP and OAS will Ian get after he turns 60 on December 31, 2024? * OAS amount for Jan to March 2024