New Brunswick offers pooled registered pension plan for small & mid-sized businesses and self-employed - Retail Council of Canada
New Brunswick

New Brunswick offers pooled registered pension plan for small & mid-sized businesses and self-employed

May 10, 2023

New Brunswick has joined with six other provinces as signatories in a multilateral agreement with the federal government to offer Pooled Registered Pension Plans. These pension plans have been created to benefit employees of businesses without a workplace pension plan as well as people who are self-employed.

For employees: This type of plan is a portable benefit, which can follow employees who move around to multiple jobs and/or those who are in and out of the workforce. For employers: A Pooled Registered Pension Plan holds the assets for many employees in multiple businesses thus, this pension plan is a lower-cost option for employers who may not be able to afford a full pension plan. There is no obligation for employers nor for all employees to contribute to the plan.

Jim Cormier

For questions or more information contact

Jim Cormier
Director, Government Relations (Atlantic)
jcormier@retailcouncil.org 
902 422-4144

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