Because both employers and employees pay part of the costs,the Canada Pension Plan is an example of what are known as contributory plans.

Name: Because both employers and employees pay part of the costs,the Canada Pension Plan is an example of what are known as contributory plans.
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The statement is true as both employers and employees contribute a percentage of their earnings towards the Canada Pension Plan (CPP). This makes it a contributory plan.

Because Both Employers and Employees Pay Part of the Costs,the