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Which of the Following Describes the Canada Pension Plan

Question 57

Multiple Choice

Which of the following describes the Canada Pension Plan?


A) a contributory plan that is mandatory for all self-employed persons and employees in Canada
B) a plan whereby retirees receive a fixed dollar amount from their employer as a pension
C) a plan whose benefits are defined by a formula based on age and length of service
D) a pension plan that pays retirees a regular income based on investments in secure funds
E) a plan that only returns their pension contributions if the employee leaves the organization before the vesting period passes.

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