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PPAC 1 Module 1 Test Questions & Answers 2024/2025
PPAC 1 Module 1 Test Questions & Answers 2024/2025 
 
 
What is a pension? - ANSWERSIt is a regular, periodic income for retirement used by pensioners/retirees. It is payable for the lifetime of the member. 
 
Where is the pension benefit payable from? - ANSWERSFrom the pension fund. 
 
What is the legislation in Canada about members who have spouses? - ANSWERSThe pension is to be paid as a J&S, unless a spousal waiver. 
 
What is the pension fund? - ANSWERSIt is where the money is held. They ov...