Becoming a Member, Understanding the BenefitsQuiz Benefits for Loved Ones – Pre-Retirement Benefits (Quiz) Benefits for Loved Ones – Pre-Retirement Benefits Quiz What percentage of the lump sum value of the pension you earned before your death is payable as a survivor benefit? 100% 75% 60% 50% 0% None True or False? If you have a spouse, you should name your spouse as your beneficiary. True False None True or False? If you have a spouse, pre-retirement survivor benefits must be paid to them. True False None True or False? Your pension plan can select a beneficiary on your behalf. True False None How are pre-retirement survivor benefits payable to a non-spouse beneficiary? As a transfer to an RRSP As a transfer to a LIRA As a lifetime pension As cash lump sum (less any withholding taxes) None How are survivor benefits payable to multiple non-spouse beneficiaries? Divided equally, as a cash lump sum, less any withholding taxes By set percentages, as a cash lump sum, less any withholding taxes Divided equally, as a transfer to an RRSP By set percentages, as a transfer to an RRSP 1 or 2 3 or 4 None None Time's up Click on the link below to view the video: Video Français ... Benefits for Loved Ones – Pre-Retirement Survivor Benefits (Video) Planning for Retirement (Quiz) Your Sources of Retirement Income (Quiz) Ready for Retirement (Quiz)
