The case for CAPs
Capital accumulation plans (CAPs) already help 2.4 million Ontario workers save for a good retirement and can largely solve the under-saving gap. The proposed Ontario Retirement Pension Plan (ORPP) should therefore not be mandatory for employers who already have a well-designed workplace plan in place for their employees—whether a DC pension plan (DCPP), group RRSP or deferred profit sharing plan (DPSP)—especially if those plans already involve employer contributions that are equal to or greater than the 1.9% rate proposed under the ORPP.
- April 2, 2015 September 13, 2019
- 14:11