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Most Canadians Rely to Some Extent on the Retirement Income

Question 1

Multiple Choice

Most Canadians rely to some extent on the retirement income system,which is based on established pillars.Which pillar's goal relied on a mandatory contribution from workers and their employers to make during their working years?


A) Pillar 1: Old Age Security (OAS) and Guaranteed Income Supplement (GIS)
B) Pillar 2: The Canada Pension Plan (CPP)
C) Pillar 3: Private pension plans and savings
D) Pillar 3: Workplace pension plans and savings

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