Exam 8: Finances and Economics

Jeannette lost some money just before she retired from her job as a nurse.Now retired,she must rely on what most older Canadians use to compensate for lost pre-retirement income.Which of the following do most older people rely on to make up for lost pre-retirement income?

Why do people on fixed pensions get poorer every year?

Which of the following facts will result from changes in private and public pensions?

What is the purpose of government transfers?

How does the government ensure that only the poorest older people keep all of their OAS benefits?

Membership in a non-European ethnic group leads to lower income in retirement.According to the National Seniors Council (2009),this situation occurs as a result of which of the following reasons?

The National Seniors Council reports that in 2006,60% of unattached senior women found themselves in which of the following situations?

The CPP locks in both workers' and employers' contributions.What is this called?

The CPP combines which two types of pension plans?

Why do middle-aged people support a strong public pension system?

What percentage of higher CPP payouts for disability and enriched benefits are projected by the year 2030?

On Steven's 2007 income tax form,he noted that 24% of his income came from this source.Which of the following sources of income did seniors most regularly report in 2007?

What has happened to poverty rates for seniors since the early 1980s,according to a number of studies?

According to the Service Canada 2012 Ratecard,about what percentage of the labour force paid into the CPP/QPP in 2010-2011?

According to Statistics Canada (2011),what type of retirement income did 75% of Canadian workers with a registered pension plan have?

Since the late 1980s,new rules have improved the public pension plan system.These include which of the following?

What are the two types of pension programs that form the basis of the Canadian pension system today?

Which of the following is the problem with the OAS/GIS/ALW program (government transfers),according to McDonald and colleagues (2010)?

List and discuss the 10 characteristics of the Canada Pension Plan.

Which of the following was included in changes made in 1984 to improve the Canada Pension Plan (CPP)?