An employee being terminated this year who has been employed for 15 years may elect to have termination pay transferred to an RRSP without being taxed up to: Multiple Choice zero $2,000 per year, or part year, of employment prior to 1996 $1,500 per year, or part year, of employment prior to 1989 if no pension benefits were vested annually Both "$2,000 per year, or part year, of employment prior to 1996" and "$1,500 per year, or part year, of employment prior to 1989 if no pension benefits were vested annually