The Money Paid in Today by a Worker Does Not

question 67

Multiple Choice

The money paid in today by a worker does not go into a private account,but instead goes to pay the pensions of retired plan members today.Thus,the Canada Pension Plan (CPP) works in part like which of the following?

• A) a transfer plan
• B) a savings plan
• C) an RIP (Retroactive Income Payment)
• D) an RRSP (Registered Retirement Savings Plan)

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Definitions:

Systematic Desensitization

A therapeutic technique used to reduce phobia or anxiety through gradual exposure to the feared object or situation coupled with relaxation exercises.

Human Freedom

The concept referring to the power or capacity of humans to act or not act, make choices, and exercise will within the constraints of certain societal and physical factors.

Stress Inoculation Training

A psychological therapy that helps people to cope with stress by preparing them to deal with future stressors.

Negative Self-talk

The act of talking to oneself in a harmful and derogatory manner, often impacting one's self-esteem and mental health.