5) In 2024, the CPP plan will be undergoing another major change in terms of calculating a pensioners contribution amount. Explain, in a detailed paragraph, for whom the change will apply, what the change will be, and how it will affect both the employee and employer contributions. Once completed, provide an example of a situation (similar to what you did in question #3) to demonstrate you understand the calculation. (8 marks)

Please have a reference as well.

5) In 2024 , the CPP plan will be undergoing another major change in terms of calculating a pensioners contribution amount. Explain, in a detailed paragraph, for whom the change will apply, what the change will be, and how it will affect both the employee and employer contributions. Once completed, provide an example of a situation (similar to what you did in question \#3) to demonstrate you understand the calculation. (8 marks)