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4 ronicle | Thursday, May 4, 2023 | waterloochronicle.ca WATERLOO STUDENTS WIN PRIZE AT INTERNATIONAL BUILD CHALLENGE NEWS A design team com- = posed mainly of _under- of Waterloo finished first in the engineering category at the 2ist Solar Decathlon Build Challenge sponsored by the U.S. Department of mers of the in- competition that brought students from as far as Vietnam, India nounced last weekend. The contest challenged participants to showcase a ene oa architectural and innovation through th the design id construction of high-per- formance, low-carbon buildings powered by re- newable energy. ie Waterloo team, composed of more than 50 members, is "redesigning \Solar Decathlon ¥ 8% University of Waterloo photo Members of Warrior Home (left to right) Richard He, Isabel Crant, Adriana Ceric, Anna van der Heide, Pierre Roy, Renee Champion, Asjad Khan, Talina Sen Smet and Rel Damsteegt pose with their award at the Solar Decathlon in Colorado. and retrofitting a 130- char old house in Kitchen become a net-zero, nee. efficient home for an Indig- enous family," according to anews release. The initiative was done with the Kitchener: ‘Waterloo Urban Native Wigwam Project (KWUNWP). “Work on the two-storey house, which was donated to the KWUNWP by Water- loo Region after sitting va- cant for several years, is ex- pected to cost about $150,000," the release states. BB OPINION WHEN WILL CANADA INCREASE RETIREMENT AGE? has_ to Canada make tough decisions that will af- fect when individuals retire. This could affect every- thing from Canada Pen- sion Plan, beer Age Securi- red Retire- and younger workers are able to retire with pension ben- efits. We had a recent exam- ple of how a population re- acts to these types of changes by observing what happened in France. France increased the retirement age from 62 to 64, The country's rationale was that if this were not done, its current pension system would go broke. The reaction was ex- treme. The government had to use a special proce- dure to skip the require- ment to vote on the unpop- ular pension reform. For our country, mak- ing any significant and un- popular changes that af- fect people's ability to re- tire would be political sui- cide. My thought is if Canada got into a serious financial predicament, our govern- it might be force make difficult financial changes. This could hap- pen with a collapse of our economy that required major adjustments. The second way this might happen is a result of our changing population. We are living longer, and therefore spending more years in retirement. Rebal- ancing ¢ our current ways might require everyone to work longer. ixty-five used to be con- sidered the ideal age to re- tire. In hindsight, a more af- fordable option for Canada is ifretirement age would be a certain number of years before life expectancy. Pen- sion reform is likely to hap- that as long as possible. Peter Watson, of Wat- son Investments MBA, CFP®, R.F-P., CIM FCSI, don a ou fi- nancial planning column, Dollars & Sense. He can be contacted through www.watsoninvestment- S.com. SIGN UP FOR OUR WEEKLY NEWSLETTER AT WATERLOOCHRONICLE.CA own Waterloo Not valid with any other coupons or offers. Valid-until May 31st, 2023. Waterloo store location only. of any 5 fresh meals. C-103 95 King StS. QOO© macrofoods _www.macrofoods.ca_