Which of the Following Is a Characteristic of the CPP

question 51

Multiple Choice

Which of the following is a characteristic of the CPP?

• A) The plan pays lower rates to women than to men because women tend to live longer.
• B) The CPP is a fixed-income plan.
• C) The CPP cannot protect people from inflation and requires personal savings or other supplements to ensure the pensioner's income remains stable.
• D) The CPP guarantees up to 25% of the pensioner's pre-retirement earnings to a maximum of 25% of the year's Average Industrial Wage.

---

Definitions:

New York City

The largest city in the United States, known for its significant influence on commerce, finance, media, art, fashion, research, technology, education, and entertainment.

Philadelphia

A historic city in the United States, known for its significant role in America's founding, including being the site of the signing of the Declaration of Independence and the Constitution.

Washington, D.C.

The capital city of the United States, serving as the seat of its federal government and various international institutions.

Articles of Confederation

The Articles of Confederation were the first governing document of the United States, providing a framework for national government before being replaced by the Constitution.