After About 15 Years of Annual Rate Increases (From 1

question 32

Essay

After about 15 years of annual rate increases (from 1.8% to the current 4.95%), the CPP rate has remained the same for several years. What is the reason for this?

---

Definitions:

Normative

pertaining to norms, standards, or what is considered typical, ideal, or should be the case, often within a moral or ethical context.

Informative

Intended to provide new knowledge or data to the audience, often utilized in educational and professional contexts.

Informative

Intended to provide information or knowledge to the audience without necessarily aiming to persuade.

Goodwill

The intangible asset that arises as a result of the acquisition of one company by another for a premium value.