If the defined contribution pension fund investments perform poorly:
A) the retired employee will be able to buy a large annuity because interest rates are low.
B) the government of Canada guarantees all pension funds.
C) the company will have to top up its contributions so the retiree receives the expected payment based on their years of service and age.
D) the retired employee will only be able to buy a small annuity which will pay small monthly payments.
Correct Answer:
Verified
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