Federal Retirees’ Statement on Budget 2025
Today’s federal budget shows some progress but falls short of fully addressing the issues facing Canada’s aging population. The National Association of Federal Retirees (Federal Retirees), representing over 170,000 members nationwide—including more than 60,000 veterans of the Canadian Armed Forces and RCMP and their families—expresses concern that the budget lacks meaningful action on critical advocacy priorities.
Concerns over Insufficient Measures
“This is a pivotal moment for older Canadians, who are feeling the impacts of rising costs of living,” said Anthony Pizzino, CEO of the National Association of Federal Retirees. “Federal Retirees will be delving into the details in the coming days, but what’s clear already is that Canada needs a stronger, strategic plan to ensure every older adult can age well and retire with financial security.”
The budget further announced cuts to the federal public service, raising concerns during a period of fiscal uncertainty. Canadians rely on a well-funded and effective public service to provide essential programs and supports.
Positive Steps Noted
The Association is encouraged by some advances aligned with its advocacy.
“We welcome the government’s commitment to strengthen front-line workers’ retirement and improve the timeliness of services for veterans,” said Pizzino.
The budget also proposes consultations on modifying public-sector retirement benefits that will impact future retirees.
Summary
The federal budget 2025 takes initial steps but lacks a comprehensive strategy to secure dignity and financial stability for Canada’s aging population.