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The Canada Pension Plan (CPP; French: Régime de pensions du Canada) is a contributory, earnings-related social insurance program. It is one of the two major components of Canada 's public retirement income system, the other being Old Age Security (OAS).
The Canada Pension Plan (CPP) forms the backbone of Canada's national retirement income system. All those employed aged 18 or older (and their employers) must contribute a portion of their income (matched by their employers) into the CPP or, for Quebec residents, the Quebec Pension Plan (QPP).
The question before the Supreme Court was "whether ss. 44(1)(d) and 58 of the Canada Pension Plan infringe s. 15(1) of the Charter on the ground that they discriminate on the basis of age against widows and widowers under the age of 35, and if so, whether this infringement is demonstrably justified in a free and democratic society under s. 1".
It is designed to provide up to 15 per cent of a retiree's pre-retirement income as an annual pension, adding about the same amount as the Canada Pension Plan (CPP) for those who have contributed to both plans. Employees and employers would each contribute 1.9 per cent of an employee's income up to a maximum of $90,000 of income per year.
The Canada Pension Plan (CPP) is also a social insurance program. The World Bank 's 2019 World Development Report on The Changing Nature of Work [ 5 ] considers the appropriateness of traditional social insurance models that are based on steady wage employment in light of persistently large informal sectors in developing countries and the ...
The Caisse de dépôt et placement du Québec (French pronunciation: [kɛs də depo e plasmɑ̃ dy kebɛk], CDPQ; English: Quebec Deposit and Investment Fund) is an institutional investor that manages several public and parapublic pension plans and insurance programs in the Canadian province of Quebec.
Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...
Canada Pension Plan (CPP) Disability Benefits are taxable monthly payments provided by the federal government to individuals who have contributed to the Canadian Pension Plan and are unable to work due to a severe and prolonged disability. These benefits aim to partially replace lost income and maintain financial stability for eligible Canadians.