Jul 6, 2023Life Changes, TCPP BenefitsQuiz Employment Changes When will you no longer be an active member of the Plan after you’ve stopped working for a participating employer? a) Immediately b) After 1 year with less than 350 hours of employment c) After 2 consecutive years with less than 350 hours of employment d) You will always remain an active member of the Plan None When should you expect to receive a termination benefit statement in Provinces other than Quebec? a) The month you leave employment b) Within 60 days of leaving employment c) Within a year of leaving employment d) Within 2 to 3 years of leaving employment None If the value of the pension is not considered “small” as per regulations, which of the following termination benefit options are you entitled to? a) Wait until retirement to start receiving a monthly pension b) Transfer to a locked-in savings arrangement c) A cash payment or transfer to your RRSP d) b and c e) a and b None If you keep your pension in the Teamsters Canadian Pension Plan (TCPP) and wait until retirement, who will manage your benefits? a) You b) Your employer c) A financial advisor d) The TCPPs team of professionals None Time's up Click on the link below to view the Employment Changes video: Video Click on the link below to view the Employment Changes article: Article Publications similaires: Relationship Changes (Quiz) RRSP versus Multi-employer Pension Plans (Quiz) Staying in Touch with Your Plan – QUIZ Planning for Retirement (Quiz)
