Ottawa introduced legislation on Thursday to create pooled registered pension plans for employees and employers in small businesses, as well as the self-employed, the Globe and Mail reports. The move is aimed at encouraging Canadians to save more for retirement. Although participation in pooled pension plans is voluntary, the Harper government is expected to including measures that would allow companies to automatically enroll new employees into these programs. Though there will be an opt-out option, auto-enrolment would raise participation.
Ottawa in push for pooled pension plans
Federal government wants Canadians to save more for retirement
FILED UNDER: pooled pensions