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Listed below are a number of statements relating to the payment of pension benefits: 1) When a person receives a pension under a pension plan
Listed below are a number of statements relating to the payment of pension benefits: 1) When a person receives a pension under a pension plan and his or her spouse is also eligible under the same plan, if the person dies, prior to retirement the benefits will become payable to the spouse. 2) This is true even if the spouse was not the designated beneficiary. 3) The spouse may be able to roll it into his/her own locked-in plan. 4) If there were no eligible spouse, the pension benefit will become payable to the estate whether or not there is a named beneficiary. 5) When the pensioner dies after retirement If the pensioner had an eligible spouse, the spouse may be entitled to a survivor's death benefit, usually a reduced amount of the pension that was paid to the pensioner. 6) If there is no eligible spouse, a commuted lump-sum representing the remaining payments in any applicable guarantee (if any) period will be payable to the estate whether or not there is a named beneficiary. Which of the above statements are correct? Select one: a. 1,2,4 & 6 b. 1,2,3 & 4 c. They are all correct d. 1, 2, 3 & 5
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