Jorgen meets with Kirsten, an insurance agent, for an annual review. Jorgen works for a company which

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Jorgen meets with Kirsten, an insurance agent, for an annual review. Jorgen works for a company which offers a defined benefit pension plan (DBPP). When Jorgen asks Kirsten to explain how a DBPP works, which of the following explanations is CORRECT?

a) Only the employees will contribute to the DBPP if it is a non-contributory plan.

b) Jorgen will not be responsible for the investment selection in the DBPP.

c) Upon Jorgen’s death, his spouse may receive a maximum of 50% of his pension.

d) Upon retirement, the funds in the plan must be transferred to a locked-in account.

Posted Date: Oct 19, 2021 12:00 AM

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Jorgen meets with Kirsten, an insurance agent, for an annual review. Jorgen works for a company which

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