Actuarial Science 1021A/B Lecture Notes - Lecture 6: 6 Years, Basic Income, Income Statement

37 views29 pages

Document Summary

Group rrsp"s (offered by er, alternative to an individual rrsp. These have gained in popularity over the years as an alternative to pension plans. Main reason is that they are not subject to pension standards legislation such as. No plan text to be registered with authorities. No locking-in of contributions (ee can withdraw money at any time. ) More flexibility in establishing who is eligible for plan. More flexibility to vary contributions among plan members. No restriction on who can be the beneficiary. Do not have to buy a life annuity on. For who is this an advantage: ee or er? er ee er er ee ee ee retirement. From the ee point of view, group rrsp"s have advantages over individual rrsp"s: payroll deduction of contributions painless, more convenient, ee can benefit from the greater purchasing power and investment opportunity of a larger group.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents