Private pension plans are not very useful to workers who make lower wages because
A) they pay higher taxes on contributions
B) they cannot contribute as much to their RRSPs
C) they are the least likely to be protected from inflation
D) they make higher contributions to their pensions and receive lower benefits
E) they replicate the inequality found in the labour market
Correct Answer:
Verified
Q36: In defined contribution plans
A) the level of
Q37: The majority of defined benefit plan members
Q38: Locking in benefits means
A) benefits have to
Q39: Employer sponsored pension plans
A) are indexed to
Q40: Private pension plans make up approximately what
Q42: Private pension plans favour the rich because
A)
Q43: RRSPs are based on
A) annual contributions to
Q44: Who were the biggest contributors to RRSPs
Q45: The relative economic position of older adults
Q46: The incomes of older families have
A) been
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