The Old Age Security Act of 1951 operated on the principle of

Name: The Old Age Security Act of 1951 operated on the principle of
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The Old Age Security Act of 1951 operated on the principle of social insurance, which means that it was a government-sponsored program that provided benefits to eligible individuals based on their contributions to the program (in this case, through payroll taxes). It was designed to provide some level of retirement income security to Canadians over the age of 70.

The Old Age Security Act of 1951 Operated on the Principle