38. Neil and Grace, both age 65 have been married for 20 years. Each of...
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38. Neil and Grace, both age 65 have been married for 20 years. Each of them has contributed to the Canada Pension Plan for 40 years. Neil qualifies for a $800 monthly pension. Grace qualifies for a $500 monthly pension. After pension sharing, what is Grace's new pension amount?
a. $725 b. $650 c. $500 d. $575 39.
Over the years, Joel has fully contributed to CPP. He decides to retire on his 62nd birthday and take his CPP retirement benefits on this date. By how much will his CPP retirement benefit be reduced?
a.
14.4%
b.
7.2%
c.
0%
d.
21.6%
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