Which of the Following Is True Regarding Pension Plans

question 18

Multiple Choice

Which of the following is True regarding pension plans?

• A)A defined contribution pension plan is the same as an RRSP.
• B)Once you are vested in a pension plan,you can transfer the assets to your RRSP if you leave.
• C)Defined-benefit pension plans are always advantageous,but not defined-contribution plans.
• D)You should take advantage of them because the employer must contribute at least half the funding.

---

Definitions:

Communication

The process of transferring information, ideas, or feelings between individuals or groups to achieve understanding or share meaning.

Spoken Words

Oral forms of communication or expression, involving speech or verbal language used to convey thoughts, information, or feelings.

Cultural Intelligence

The capability to function effectively across national, ethnic, and organizational cultures.

Self-Management

The ability of individuals to control their own actions and work towards goals independently, often involving time and resource management skills.