Canadian Prime Minister Stephen Harper made ambiguous comments that his government plans to transform the pension system to cut costs at an Economic Forum in Switzerland on Thursday.

However Harper wouldn’t disclose any particulars, saying details would be revealed when this spring's budget is released, but said there will be no changes to the Canada Pension Plan (CPP).

Liberal Wascana MP Ralph Goodale says Harper is targeting the middle and lower level income earners who benefit from Old Age Security (OAS).

“If you take the CPP out of the equation, if that’s not what he’s talking about, then the only thing left in the public pension system is in fact the OAS,” said Goodale.

“The impact on higher income Canadians will be marginal at best because… they don’t benefit all that much from Old Age Security.”

Meanwhile the NDP has predicted that Canadians will see an increase in age eligibility from 65 to 67-years-old for Old Age Security.

Pushing OAP eligibility age to 67 could result in poverty

Alice Farness, a Saskatoon senior, says that pushing the Old Age Pension eligibility age to 67 from 65 could mean severe hardships for those who have retired or those who aren’t able to work.

“There are many people, especially senior women, who are living in poverty today,” said Farness.

“If this happens, people at 65, especially women who have never worked, are going to be in trouble.”

Farness says the current pension is only around $1,100 a month.

With files from News Talk Radio's Sara Norman.

Edited by News Radio's Chris Morin.