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Lauren is a member of a pension plan governed by the federal Pension Benefits Standards Act. She has met the vesting requirements of her present
Lauren is a member of a pension plan governed by the federal Pension Benefits Standards Act. She has met the vesting requirements of her present employer's pension plan. She has been offered a better position with another company and wants to know what she can do if anything, with the vested pension benefits she has earned with her present employer. What option is NOT available to Lauren?
Oa leaving the vested benefits in her present employer's plan to provide her with a pension at a later date
b purchasing an annuity with an insurance company of her choosing
c transferring all vested benefits to a lockedin RRSP
Od taking the commuted value of the vested benefits as a lump sum cash settlement
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