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11. Which of the following statements is not true? a. The maximum possible retirement benefit from a DBPP depends on the maximum allowable years of
11. Which of the following statements is not true? a. The maximum possible retirement benefit from a DBPP depends on the maximum allowable years of service. b. The maximum possible retirement benefit from a DCPP is the same as for a DBPP. C. There is no maximum benefit for DCPP. d. If a retiree dies, the spouse can receive some of the retiree's pension benefits. 12. Henry's company provides him with a defined contribution pension plan. The maximum amount of pension he can receive for each year of service is: a. 2% p.a. times his YMPE b. 2% p.a. times his pensionable earnings c. $1,722.22 d. There is no maximum 13. Which of the following is not true? a. Before age 65, an employee must have actually retired to receive a pension. b. After age 65, an employee can receive both a pension and earned income from the same company. C. A person who is collecting a pension can still make contributions to the plan to increase future benefits. d. A person age 73 who is still working cannot make contributions to a RPP. 14. For a defined benefit pension plan, all of the following are true except: a. Benefits might increase each year to reflect inflation. b. Benefits might be integrated with CPP retirement income. C. Benefits must end when the retiree dies. d. A common-law spouse can receive benefits after the retiree dies. 15. Normal retirement age means: a. An employee cannot retire with a full pension before age 60. b. The age at which an employee can received the full amount for each year of service. c. Age 65. d. There is no minimum number of years of service
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