The Marsh Report offered a comprehensive social security plan for Canada that included old age pensions paid for by employment taxes, as well as a public health plan. The Canadian Social Security system continued to grow, subject to the political whims of the time, until the 1970s. After this time, reforms were called for, as the system was growing too expensive (the Canadian Encyclopedia).
Both the Canadian Social Security system and the United States Social Security system currently face the problem of rising costs and increased spending. According to United North America, the United States publicly spends 1.8% more than Canada on Social Security and related programs than Canada, with Social Security comprising 6% of the U.S. budget as compared to 4.2% of the Canadian budget (United North America). Does this equate to a higher standard of living for retirees in the United States over those of their Canadian cousins?
Unlike the United States, which has only the contributory (though non-voluntary) Social Security system, Canada has two programs in place to assist seniors. The first, OAS (Old Age Security) is non-contributory. The only factors needed to qualify for this benefit, typically around $500 a month, is old age, and a number of years spent living in Canada, currently 20 years post 18th birthday (HRSDC.ca). This program is meant to primarily assist the lowest income seniors, with benefits decreasing for seniors of income of $66k, and disappearing completely for seniors who make $110k. The second program, the CPP (Canadian Pension Plan), is contributory, like the United States Social Security system. Also, like the U.S. Social Security system, the CPP provides survivor and disability benefits.
The primary difference between Canada's CPP and the U.S.'s Social Security is in the maximum tax rate. The maximum tax rate under the CPP is 9.9%, up to $42,100, shared equally between employee and employer. By contrast, the maximum tax rate under Social Security is 12.4% up to $106,800. The maximum tax under Social Security is three times that of the CPP. Because the amount taxed is lower, benefits received under the CPP are also lower. Under the CPP, the monthly income at age 65 is roughly $960; under Social Security, the average benefits are $2,366 at age 66 (TFB, 2011).
The primary difference between the two systems of interest to macro-economists is the way the two systems are funded. While both are in trust, the Social Security trust fund loans 100% of its funds...
The third factor that shapes the organizational culture is the relationship that exists between the employer and employee. As already stated earlier, Second Continental Congress stands out as one of the earliest bodies in the working relationship for perpetuating for the establishment of different organizations that cater for the security of the country. Organizational structure refers to the level and nature of interaction between employees, supervisors, and management team who are
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