Year's Maximum Pensionable Earnings
What it is:
A Pension Plan.'s maximum pensionable is what the Canadian government uses to determine the maximum amount a person can get from the Canada
How it works (Example):
The Canada Social Security program in the United States. It provides workers with a series of monthly payments in retirement. The size of those payments depends on the worker's during his or her earning years.is similar to the
Why it Matters:
Social insurance programs like the Canadaare designed to help vulnerable populations, such as the elderly, ensure that they have enough to subsist on. Similar to the program, a portion of workers' are taxed and placed into the plan.