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The National Asian Pacific Center on Aging (NAPCA) was founded in 1979 [3] and is a Seattle, Washington-based non-profit [4] and American advocacy and service organization for elderly Asian Americans and Pacific Islanders (AAPI). NAPCA works to assist AAPI seniors and educate the general public on the needs of the AAPI aging community.
As noted in the 27th Actuarial Report on the Canada Pension Plan, if one uses the "closed group approach", the plan has an enormous unfunded liability. As of December 31, 2015, the CPP's unfunded liability was $884 billion, which is the difference between its liabilities ($1.169 trillion) and its assets ($285 billion).
Representative Patsy Mink declares the formation of the Congressional Asian Pacific American Caucus in 1994. Asian/Pacific American (APA) or Asian/Pacific Islander (API) or Asian American and Pacific Islanders (AAPI) or Asian American and Native Hawaiians/Pacific Islander (AANHPI) is a term sometimes used in the United States when including both Asian and Pacific Islander Americans.
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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).
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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employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans. [2]