Federal Retirees’ Statement on Budget 2025
Today’s federal budget shows some progress but falls short of addressing the significant challenges facing Canada’s aging population. The National Association of Federal Retirees (Federal Retirees) expressed concern that the budget lacks meaningful action on their main advocacy priorities.
With more than 170,000 members nationwide, including over 60,000 veterans of the Canadian Armed Forces and RCMP and their families, Federal Retirees promotes policies that ensure all Canadians can age with dignity, security, and respect.
“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 also announced cuts to the federal public service. During this period of fiscal uncertainty, Canadians rely on a well-resourced and efficient public service to provide essential programs and support.
The Association welcomed some positive steps included in the budget:
- Government’s commitment to strengthening retirement benefits for front-line workers
- Improving the timeliness of services for veterans
“We welcome the government’s commitment to strengthen front-line workers’ retirement and improve the timeliness of services for veterans,” said Pizzino.
The budget features proposals to consult on changes to public-sector retirement benefits that will impact future retirees.
Author’s summary: The National Association of Federal Retirees recognizes limited progress in Budget 2025 but urges stronger action to secure financial stability and dignity for Canada’s aging population.