Exam (elaborations)
Module 2 - Canada Pension Plan_Quebec Pension Plan (CPP_QPP)
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Module 2 - Canada Pension Plan_Quebec Pension Plan (CPP_QPP)
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Module 2 - Canada Pension Plan/QuebecPension Plan (CPP/QPP)
"gainful" occupation - ANS-An occupation that provides an
individual with earnings at least
equal to or greater than the basic exemption
for the year.
"legal for life" investments - ANS-A set of quantitative and
qualitative rules required of life
insurance company
investments.
Assignment of pensions - ANS-The term used to describe
when common-law partners
or spouses in an ongoing
relationship share their CPP
retirement pension
payments.
Caisse de depot et placement du Quebec (Caisse) - ANS-The corporation that is
responsible
for investing revenues collected over
and above those required by
Retraite Quebec for the immediate
payment of benefits and
administration costs.
Canada Pension Plan Investment Board (CPPIB) - ANS-A Crown Corporation
entrusted with investing and
cash management services
to the CPP.
civil union - ANS-A term used in Quebec in
place of "common law".
contributory period - ANS-The amount of time a
contributor was making net CPP
, contributions from employment
or self-employment income.
CPP death benefit - ANS-Lump-sum benefit that is six
times the amount of the
deceased contributor's
monthly retirement
pension, to a maximum of
$2,500.
CPP/QPP disability pension - ANS-A monthly benefit payable to
contributors who are under the age of
65 and who, under the plans'
definitions, are disabled and have met
the minimum qualifying period.
disabled
contributor's child's benefit - ANS-A benefit paid to each child
of a disabled contributor who
has made contributions for not
less than the minimum
qualifying period.
Drop-out periods - ANS-Periods that are omitted or
ignored in computing
average earnings for
CPP/QPP benefits.
Employer - ANS-Any person liable to
pay wages, salary, or other
remuneration for services
performed in employment.
Incremental full funding - ANS-A funding arrangement
whereby the cost of new or
higher benefits would be paid
as the benefit was earned,
and any costs associated with
benefits that were paid but not
earned would be amortized and paid for over a defined period of time, consistent with
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