SOCIOL 1C03 Lecture 33: SOCIOL 1C03 (p33)
Document Summary
Globe and mail article : changes to the pension plan (mcfarland/mcgugan. New expanded ccp: will help younger workers more, due to the fact that they are farthest away from retirement and have many years to pay into ccp, meant to help middle-income workers, families who make 50-80. 000 a year. Under current ccp: workers and employers pay 4. 95% of salaries into the ccop up to a maximum income level of 54. 900. Under expanded new ccp + 13,100 per year plus 4390 more per year + increase the maximum amount of income covered from 54. 9000 to 82,700: workers and employers will need to contribute a percentage more (5. 95%) -
