The money paid in today by a worker does not go into a private account,but instead goes to pay the pensions of retired plan members today.Thus,the Canada Pension Plan (CPP) works in part like which of the following?
A) a transfer plan
B) a savings plan
C) an RIP (Retroactive Income Payment)
D) an RRSP (Registered Retirement Savings Plan)
Correct Answer:
Verified
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