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Jennifer, age 50, is a member of her employer sponsored Defined Contribution Pension Plan (DCPP). She joined the plan 17 years ago, and is eligible

Jennifer, age 50, is a member of her employer sponsored Defined Contribution Pension Plan (DCPP). She joined the plan 17 years ago, and is eligible for full pension at age 65. However, Jennifer decides to quit her job and therefore is no longer a member of the DCPP. Currently, Jennifer's pension is worth $230,000. What are Jennifer's options when leaving the plan? 


A) Transfer the commuted value to a RRIF Correct Answer 


B) Transfer the commuted value to a LIRA Incorrect Response 


C) Transfer the commuted value to a TFSA 


D) Transfer the commuted value to an RRSP

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