Quebec preps for new type of pension plan

VRSP all about automatic enrolment but employers need not contribute
By Sarah Dobson
|Canadian Payroll Reporter|Last Updated: 07/11/2012

Roughly two million Quebecers who don’t have access to a pension plan at work could find themselves automatically enrolled in one starting Jan. 1, 2013, thanks to the province’s new voluntary retirement savings plan (VRSP).

Unlike the federal government’s proposal for a pooled registered pension plan (PRPP), the Quebec plan is not going to be voluntary.

“That’s quite significant,” said Lorraine Allard, a partner at law firm McCarthy Tetrault in Toronto.