Ottawa is pushing the provinces to move forward on pooled registered pension plans (PRPPs), says Doug Watt, an Ottawa-based writer.
He notes the 2013 Budget document stresses, “PRPPs will provide a new, accessible, large-scale and low-cost pension option to employers, employees and the self-employed, [so] provinces will need to introduce their own enabling legislation to make PRPPs available.”
This renewed drive isn’t really a surprise, considering PRPP plans were first announced a couple years ago. So says Ian Edelist, pension practice leader at consultancy firm Eckler. He spoke to told Watt following the Budget’s release.
Read more on the Budget’s retirement measures.
Also read:
An advisor’s guide to the PRPP
Vik’s Pick: PRPP detractors are missing the point