When You Leave an Employer Prior to Retirement Age,your Options

question 31

Multiple Choice

When you leave an employer prior to retirement age,your options with your vested defined-benefit plan are all of the following except

• A)leave it with your former employer.
• B)transfer it to your new employer's pension plan.
• C)transfer it to a LIRA.
• D)transfer it to your RRSP within 30 days.

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Definitions:

Liberal-Communitarian Approach

A theoretical framework that seeks to balance individual rights and freedoms with the needs and values of the community.

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and a minimal role for government in the economy.

Free Market Ethics

Moral principles or standards governing fair and competitive practices in a market economy without undue government intervention.

Duty To Rescue

A legal or moral obligation to provide assistance to a person in danger or distress, under certain circumstances.