IFSE Institute Exam CIFC Topic 11 Question 1 Discussion

Actual exam question for IFSE Institute's CIFC exam

Question #: 1
Topic #: 11

[All CIFC Questions]

Ken is a member of his employer's Defined Benefit Pension Plan (DBPP). Which of the following statements about Ken's plan is CORRECT?

AContributions to the plan do not result in a Pension Adjustment (PA) for Ken.

BThe amount Ken receives in retirement depends on the performance of the investments he has selected within the plan.

CThe amount that Ken will receive at retirement is not guaranteed.

DIncome received from the plan is eligible for pension income splitting even if Ken retires before 65.

Show Suggested Answer

Suggested Answer: D

by Natalie at Jun 15, 2025, 04:14 PM

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2 days ago

I think option D is the correct answer. Ken's pension income is eligible for splitting even if he retires before 65, which is a great benefit.

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