5. Which of the following statements about the steady-state financing rate is not true? a. It means CPP rates will not go above 4.95%. b. Up to half of the CPP fund is being actively managed. c. It has been an unfunded pension plan. d. In a few years, the CPP fund will be fully funded like other pension plans. 6. Which of the following statements is not true about OAS? a. It is indexed quarterly. b. It is based on years lived in Canada. c. It is based on income earned while you were working d. It might be collected while living outside Canada. 7. Early retirement means the earliest one can retire and: a. Receive the same total pension income as would be received at age 65. b. Receive an unreduced pension based on the actual number of years of service C. Collect the full CPP retirement benefit. d. Collect the early OAS benefit. 8. Which of the following statements is not true about CPP contributions for salaried employees? a. They are a tax credit. b. They are tax deductible. c. The effect of an increase in salary on CPP contributions is inconsequential for most people who are doing detailed retirement planning. d. The employer pays an amount equal to that of the employee. 9. Which of the following statements about RPP is not true? a. Most DCPP are in the private sector. b. There are many DBPP in the private sector. C. Employers who provide DBPP may have to make large contributions to ensure the plan is fully funded due to a drop in the stock market. d. The limit on benefits received is the same for DCPP and DBPP. 10. Which of the following statement(s) are correct? a. Defined benefit plans can generate surpluses. b. Defined contribution plans cannot generate surpluses. C. Deferred profit sharing plans are a type of defined contribution plan. d. All of the above are true