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For 2023, the brand new personnel/workplace contribution cost increased away from 5.70% to help you 5.95% (full away from eleven.90%) of income around the newest YMPE. It remains a comparable in the 2024 (however, there is a second tier away from efforts). Since the CPP was first made to change 25% from pre-senior years earnings, the brand new much time-label bundle is always to feel the system change 33.33% of one’s mediocre lifestyle income.
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