Katerina Nikic was hired by Maple Leaf Sports & Entertainment (MLSE) as a soccer coach and joined the defined contribution pension plan on January 1, 2019, when she was first eligible. The plan, which had a two-year vesting schedule, required employee and employer contributions. Katerina then quit her job on June 30, 2020 when she received a better salary from a competitor in Montreal. During the time that she participated in the MLSE pension plan, Katerina contributed $3,750 while her employer also contributed $3,750 on Katerina's behalf. Which of the following statements is true about what Katerina is entitled to from the MLSE pension plan?

1.Katerina is entitled to $7,500 (plus interest) which is the total for both her, and her employer's, contributions

2.Katerina is entitled to get back her contribution of $3,750 (plus interest) and half of the amount contributed by MLSE

3.Katerina is entitled to receive the current value of her $3,750 contribution

4.Katerina's termination prior to the end of the vesting period means that she is not entitled to any refund of contributions she has made into her plan

Answer rating: 100% (QA)

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