Question
Gabrielle, age 40, is a member of her employer's Defined Contribution Pension Plan (DCPP). When she accepts a new position at a new employer, she
Gabrielle, age 40, is a member of her employer's Defined Contribution Pension Plan (DCPP). When she accepts a new position at a new employer, she is presented with options concerning her DCPP. Which of the following statements about Gabrielle's options is correct?
a) Gabrielle can transfer her DCPP to her new employer's Group Registered Retirement Savings Plan (Group RRSP).
b) Gabrielle can transfer her DCPP to her individual Registered Retirement Savings Plan (RRSP).
c) Gabrielle can transfer her DCPP to her new employer's Deferred Profit Sharing Plan (DPSP).
d) Gabrielle can transfer her DCPP to a Locked-In Retirement Account (LIRA) or Locked-In Registered Retirement Savings Plan (LRRSP).
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