asked 78.7k views
4 votes
The three types of benefits provided under the Canada/Quebec Pension Plan are:_______

1 Answer

7 votes

Final answer:

The Canada/Quebec Pension Plan provides retirement, disability, and survivor benefits, with a shifting trend towards defined contribution plans such as 401(k)s, leading employers away from traditional pension plans.

Step-by-step explanation:

The three types of benefits provided under the Canada/Quebec Pension Plan are retirement benefits, disability benefits, and survivor benefits. With pension plans, including Social Security, becoming rarer, employers now trend towards defined contribution plans, like 401(k)s and 403(b)s, where they contribute a fixed amount regularly to an employee’s retirement account. This shift indicates a move away from traditional pensions, which were once a mainstay for ensuring financial security for retirees.

answered
User Jason Butera
by
8.7k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.