OTTAWA - A new study says Canadians are living longer and will require several additional years of benefits from the Canadian Pension Plan, a federal retirement program funded by employees, employers and investments.

By 2050, male beneficiaries are expected to get CPP payments for an additional 3.3 years and women will get an additional 2.3 years compared with 2005.

The study was done for the CPP by the Chief Actuary of Canada, an independent body that provides information used by several key federal government plans and programs including CPP and Old Age Security.