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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Definitions:

Ideological Belief Structures

The frameworks and sets of beliefs that shape an individual's or group's worldviews and political thinking.

Socially Normative

Behaviors or practices that are considered normal or typical within a society or social group.

Axiomatic

Pertaining to self-evident truths or principles that require no proof.

Ideological Arguments

Debates or discussions rooted in strongly held beliefs or principles.