Edwin has just joined a multi-national manufacturing company as vice-president of North American production facilities. One of the many decisions that Edwin has to make as a new employee is which of the various retirement plans that the company offers he should join. He travels across the continent regularly in his job, so is looking for a pension plan that would be management free. Up until now Edwin has made several career changes in his life and, as a consequence, has not built up anything like the retirement fund he would like. So he is also looking for an option that could offer him a secure retirement income. What retirement option would you recommend that Edwin should consider? Question 25 options:

A) A defined contribution pension plan (DCPP) 

B) A deferred profit sharing plan (DPSP) 

C) A group retirement savings plan (GRRSP) 

D) A defined benefit pension plan (DBPP)

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Based on the information provided I would recommend that Edwin consider option D A define... View the full answer