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ARTICLE · 23 NOVEMBER 2011

Federal Government Introduces Pooled Registered Pension Plans Legislation

Osler, Hoskin & Harcourt LLP
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Following up on the consultation paper it released last December, the federal government introduced Bill C-25: the Pooled Registered Pension Plans Act (Bill C-25) yesterday.

CanadaEmployment and HR
Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
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Following up on the consultation paper it released last December, the federal government introduced Bill C-25: the Pooled Registered Pension Plans Act (Bill C-25) yesterday. Bill C-25 sets out a legal framework for the establishment and administration of pooled registered pension plans (PRPP).

What is a PRPP?

A PRPP is a new type of pension plan, which is being proposed by the federal government to address the current "gap" in Canada's retirement system. The stated intent of the PRPP is take advantage of economies of scale by providing employers, employees and the self-employed with the option of participating in a "large-scale and low-cost" defined contribution pension plan, and thereby enabling Canadians to save more for their retirement.

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