Quote:
Originally Posted by valo403
I have no idea how it works, but I assume that the ability to draw out isn't tied to the extent to which you have paid in. If the abilty to draw out is capped should the requirement to pay in be capped as well? Not saying I agree or disagree, but it's not a ssimple as you're stating it.
|
From the government's website regarding CPP:
Quote:
|
A CPP retirement pension is a monthly benefit paid to people who have contributed to the Canada Pension Plan. The pension is designed to replace about 25% of a person’s earnings from employment, up to a maximum amount. For 2010, the maximum amount is $934.17.
|