If you have been in a employer-sponsored pension plan for three years and you leave your employer well before retirement,

Question

Quizplus · Accepted Answer

When leaving an employer-sponsored pension plan before retirement, it is typically best to transfer the plan to your new employer if the RPP (Registered Pension Plan) is similar. This allows you to continue accumulating retirement savings and potentially receive contributions from your new employer. Option A is incorrect as you are entitled to the employer's contributions regardless of leaving the employer before retirement. Option B may be possible but is a less advantageous choice as an RRIF is a form of retirement income, rather than a savings vehicle. Option D is incorrect as withdrawing funds from a pension plan before retirement will result in tax consequences.

If You Have Been in a Employer-Sponsored Pension Plan for Three