Payroll’s role in PRPPs and VRSPs

While plan providers have heaviest responsibility, payroll departments do have some administrative duties

With governments across Canada enacting laws to allow for pooled registered pension plans (PRPPs) and voluntary retirement savings plans (VRSPs), payroll professionals may need to become as familiar with these terms as they are with registered pension plans (RPPs) and registered retirement savings plans (RRSPs).

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