Great-West to offer VRSPs

Great-West Life Group Retirement Services is developing a voluntary retirement savings plan solution to help meet the needs of Quebec workers who don’t have a workplace registered savings plan.

By: Staff
January 30, 2014 September 13, 2019
09:58

Great-West Life Group Retirement Services is developing a voluntary retirement savings plan (VRSP) solution to help meet the needs of Quebec workers who don’t have a workplace registered savings plan.

The VRSP, which will be phased in starting July 1, 2014, is intended to increase the availability of retirement plans to Quebec workers, especially those working for smaller companies.

VRSPs work by pooling assets from participating employers and employees. Employees may opt out of the plan if they choose.

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