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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 Old Age Security (OAS, French: Sécurité de la vieillesse) program is a universal retirement pension available to most residents and citizens of Canada who have reached 65 years old. This pension is supplemented by the Guaranteed Income Supplement (GIS), which is added to the monthly OAS payment for seniors with lower incomes.
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).
In May 2012, the Government of Canada under Stephen Harper announced that the government would replace the review tribunal with a newly formed Social Security Tribunal of Canada, which would be made up of 74 members. [2] The change was implemented in April 2013. [4] The new body was tasked with hearing all appeals of CPP, OAS, and EI decisions. [4]
Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.
Securitas office in Canada. Securitas AB is a Swedish group devoted to security services, such as security guarding, mobile patrolling, monitoring, investigation and related consulting services. [3] The group is headquartered in Stockholm and had over 300,000 employees in 53 countries worldwide as of 2016. [3]
Americans who receive pensions have a complicated relationship with the Social Security system due to a couple of federal rules designed to reduce excessive Social Security payouts: the Windfall...
Canada Pension Plan; CARP (Canada) CDPQ Infra; N. Nortel Retirees and former employees Protection Canada; O. Old Age Security; P. Pension regulation in Canada; S ...