DB & DC Leavers

DB & DC Leavers

1st Grade

10 Qs

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DB & DC Leavers

DB & DC Leavers

Assessment

Quiz

Professional Development

1st Grade

Medium

Created by

Training Academy

Used 9+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr Wells joined DC scheme on 15th

August 2016 and left on 16th November 2016.

Refund or Transfer Out

Transfer Out or Preserve

Refund and Transfer out

Transfer Out and Preserve

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mrs Ellis joined the scheme on 1st

October 2010 and left after her 55th Birthday on 10th August 2016.

Preserve or transfer or early retirement

Preserve and transfer and early retirement

Transfer or preserve

Transfer and preserve

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CETV is guaranteed for

2 months

3 months

1 month

Not Guaranteed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A member from a DB scheme will get a reduced pension at late retirement. True or False

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Both employee and employer contributions are refunded to the member, if SSRLS is opted. True or False

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a DC Scheme, the GMP portion of the preserved pension is revalue using fixed/sec 148 / limited. True or False

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fund Value is transferred out of a DC scheme to another registered pension scheme. True or False

True

False

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