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In the 1980s, Yannco Inc. set up a defined benefit pension plan (DBPP) for its management employees. The plan is fully funded by the company.

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In the 1980s, Yannco Inc. set up a defined benefit pension plan (DBPP) for its management employees. The plan is fully funded by the company. Marielle has been a management employee for 25 years. She plans on retiring next year when she turns 65. What will the plan sponsor do so Marielle can collect her pension? O Transfer the commuted value of Marielle's DBPP to a LIRA, which will pay out the benefits. O Transfer the commuted value of Marielle's DBPP to an LIF, which will pay out the benefits. O Transfer the commuted value of Marielle's DBPP to an individual RRIF, which will pay out the benefits. O Pay the pension income directly to Marielle based on the conditions set out in the DBPP

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