Question: What statement pertaining to defined contribution registered pension plans is true? a) When an employee joins the plan, the exact pension benefit payable at retirement

What statement pertaining to defined contribution registered pension plans is true?

What statement pertaining to defined contribution registered pension plans is true? a) When an employee joins the plan, the exact pension benefit payable at retirement is known. b) Plan members have the opportunity to purchase past service benefits after two years of membership in the defined contribution plan. Oc) The maximum employer/employee contribution is limited to the lesser of 18% of the employee's earnings and the annual money purchase contribution limit. d) Defined contribution plans can include inflation-protection provisions

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