Federal Retirees' Statement on Budget 2025
Today's federal budget makes some progress, but falls short of fully addressing the challenges faced by Canada's aging population. The National Association of Federal Retirees is concerned that the budget lacks meaningful action on key advocacy priorities.
With more than 170,000 members nationwide—including over 60,000 veterans from the Canadian Armed Forces and RCMP, plus their families—Federal Retirees advocate for policies that help all Canadians 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-funded, effective public service to deliver essential programs and supports.
The Association appreciated progress on certain initiatives it has supported.
“We welcome the government’s commitment to strengthen front-line workers’ retirement and improve the timeliness of services for veterans,” said Pizzino.
The budget proposes consultations on changes to public-sector retirement benefits that will impact future retirees.
Author’s summary: The budget shows some steps forward but lacks a strategic, comprehensive plan to secure financial well-being and support for Canada’s older adults and veteran communities.
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