Which of the Following Is True Regarding Pension Plans

question 72

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.

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