For Retirees,the Most Important Difference Between CPP and OAS Is

question 46

Multiple Choice

For retirees,the most important difference between CPP and OAS is that

• A)Only OAS is going to be delayed until age 67.
• B)Only OAS is based on income earned each year relative to the YMPE.
• C)Only CPP can be taken early at a reduced amount.
• D)Only CPP can be deferred to receive an increased monthly amount.

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Definitions:

Central Nervous System

The part of the nervous system that includes the brain and spinal cord, responsible for processing and sending out nerve signals.

Somatic Nervous System

A part of the peripheral nervous system responsible for voluntary movements of muscles and the reception of external stimuli.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate, consisting of the sympathetic and parasympathetic divisions.

Somatic Nervous System

Part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles, and also mediates sensory information.