Would British pension scheme translate in Canada?To mend pension crisis, Canada could follow the lead of the United Kingdom, but challenges and complexities remainBy Sarah Dobson11/01/2007|hrreporter.com|Last Updated: 01/03/2008 Eager to have many more employees saving towards retirement, the United Kingdom is in the midst of rolling out a National Pensions Savings Scheme (NPSS) expected to become compulsory in 2012. Under the scheme, employees will have to contribute four per cent of their salary to a personal account while employers pay three per cent and the government contributes one per cent via tax relief. The NPSS would apply to those not already covered by a similar workplace pension plan and employees would be automatically enrolled in the scheme, but be able to opt out.Of course the pension crisis is not limited to the U.K. and there has been some talk of introducing a similar scheme in Canada. But would it work on this side of the pond? To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.