$17$ Swetha is employed and is $58-$years old. She has been contributing to the Canada Pension Plan $($CPP$)$ for the last $20$ years. She is unsure if she should retire at $60$ or continue working until age $70.$ How is the timing of Swetha's retirement likely to impact her CPP payments?Wkw$1$eXpOZ$2|$wVHVJUzBWdEMONUxGQT$9$a$.$ As the standard age to begin receiving the pension is $60,$ Swetha can retire at $60$ and start receiving the CPP benefits without penalties.b$.$ O If Swetha begins the pension five years early at age $60,$ her pension would be reduced by $50\%.$c$.$ Swetha can submit an application for CPP now, however the penalty for the early pension is $1\mathrm{.}2\%$ per month.d$.$ If Swetha waits until age $70$ to retire, she will receive a $42\%$ increase in the pension amount received.Wkw$1$eXpOZ$2|$wVHVJUzBWdEMONUxGQT$09$