Question 1

Experts use two ways of measuring private pension coverage - a percent of paid workers or a percent of the labour force. The difference between these two measures is

Accepted Answer

A)   the paid workers measure increases the number of persons covered
B)   the labour force measure increases the number of persons covered
C)   the paid worker measure includes the self-employed
D)   the paid workers measure includes the unemployed
E)   the labour force measure includes paid family members E

Question 2

The end result of almost ten years of pension debates was

Accepted Answer

A)   no change
B)   the Green Paper on Canadian Pensions
C)   a National Pension Conference
D)   the Pension Benefit Standards Act
E)   the Task Force on Income Policy D

Question 3

The purpose of social insurance is to provide

Accepted Answer

A)   subsistence to those in need
B)   continuity and security in income
C)   a safety net during recessions
D)   a state based on social assistance for the elderly
E)   subsistence and continuity to those in need B

Question 4

The Allowance, introduced in July 2000, was extended to

Accepted Answer

A)   single, divorced and separated women aged 60 to 64
B)   single, divorced and separated women aged 65 and over
C)   same-sex and common-law partners aged 60 to 64
D)   same-sex couples and common-law partners aged 65 and over
E)   single, divorced and separated men aged 65 and over

Question 5

Employer sponsored pension plans

Accepted Answer

A)   are indexed to inflation
B)   are less likely to cover workers in large firms
C)   are more likely to cover female employees
D)   are not indexed to inflation
E)   are the same as the C/QPP

Question 6

Locking in benefits means

Accepted Answer

A)   benefits have to paid upon retirement
B)   benefits have to be paid at a later date, usually age 55
C)   benefits are automatically paid at age 65
D)   benefits are lost if the worker goes to another job
E)   benefits are locked-in to investments by the firm

Question 7

The prewar welfare state in Canada was based on a social security model.

Accepted Answer

A) True 
 B)False

Question 8

In 1911, which of the following established the first state-run old age pension program?

Accepted Answer

A)   P.E.I.
B)   New Brunswick
C)   Nova Scotia
D)   Newfoundland
E)   Alberta

Question 9

The Old Age Security Act of 1951 was the first national pension legislation in Canada

Accepted Answer

A) True 
 B)False

Question 10

Trace the history of the development of the Canadian public and private pension systems. Based on this history, where is Canada headed in the future?

Accepted Answer

The answer of Trace the history of the development of...

Question 11

Discuss the future of pension plans in Canada. What changes are planned? What strategies have been suggested and chosen? What were the consequences of the great pension debate?

Accepted Answer

The answer of Discuss the future of pension plans in...

Question 12

The first private pension plans in Canada were based on a military model.

Accepted Answer

A) True 
 B)False

Question 13

The remnants of social assistance for the poor in Canada are found in what pension program?

Accepted Answer

A)   RRSPs
B)   C/QPP
C)   OAS
D)   GIS
E)   disability pensions

Question 14

The Old Age Security Act of 1951

Accepted Answer

A)   was based on a social security model
B)   was based on a social relief model
C)   was based on a social assistance model
D)   was based on a social risk model
E)   was based on a social economic model

Question 15

Private pension plans favour the rich because

Accepted Answer

A)   workers with more income receive a better tax break on pension contributions
B)   workers with more income can contribute more to RRSPs
C)   workers with higher incomes are protected from inflation
D)   workers with higher incomes make smaller contributions
E)   workers with higher incomes are in a higher tax bracket and make lower pension contributions

Question 16

All but which of the following are government-administered pension plans?

Accepted Answer

A)   OAS
B)   GIS
C)   C/QPP
D)   Provincial Low Income Supplements
E)   Registered Pension Plans (RPPs)

Question 17

The "clawback" of 1989 refers to

Accepted Answer

A)   a 10 percent cut of the C/QPP
B)   a clawback of RRPs
C)   means testing the GIS
D)   means testing the OAS
E)   means testing the SPA

Question 18

The relative economic position of older adults in Canada has

Accepted Answer

A)   become worse
B)   improved
C)   stayed the same
D)   become worse for women
E)   become better only for men

Question 19

The Great Pension Debate that started in 1976 was because

Accepted Answer

A)   the first tier of the pension system was inadequate
B)   the second tier of the pension system was inadequate
C)   the third tier of the pension system was inadequate
D)   the fourth tier of the pension system was inadequate
E)   none of the tiers were adequate

Question 20

Discuss the pros and cons of employer-sponsored pensions for low-income earners.

Accepted Answer

The answer of Discuss the pros and cons of employer-sponsored...

Exam 14: Pensions and Economic Security for Older Canadians

Experts use two ways of measuring private pension coverage - a percent of paid workers or a percent of the labour force. The difference between these two measures is

The end result of almost ten years of pension debates was

The purpose of social insurance is to provide

The Allowance, introduced in July 2000, was extended to

Employer sponsored pension plans

Locking in benefits means

The prewar welfare state in Canada was based on a social security model.

In 1911, which of the following established the first state-run old age pension program?

The Old Age Security Act of 1951 was the first national pension legislation in Canada

Trace the history of the development of the Canadian public and private pension systems. Based on this history, where is Canada headed in the future?

Discuss the future of pension plans in Canada. What changes are planned? What strategies have been suggested and chosen? What were the consequences of the great pension debate?

The first private pension plans in Canada were based on a military model.

The remnants of social assistance for the poor in Canada are found in what pension program?

The Old Age Security Act of 1951

Private pension plans favour the rich because

All but which of the following are government-administered pension plans?

The "clawback" of 1989 refers to

The relative economic position of older adults in Canada has

The Great Pension Debate that started in 1976 was because

Discuss the pros and cons of employer-sponsored pensions for low-income earners.