what is old age security pension
Old Age Security (OAS). Old Age Security is a Federal income redistribute program that pays pension benefits to people who are age 65 or older and who have 10 or more years of residency in Canada over the age of 18.ld Age Security (OAS). Old Age Security is a Federal income redistribute program that pays pension benefits to people who are age 65 or older and who have 10 or more years of residency in Canada over the age of 18.