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.
Correct Answer:
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