Voluntary pensions – upsides, downsides

Call to develop VPPs growing, but should government or private sector lead?

Several proposals have surfaced recently that call for the government to develop and offer some sort of voluntary pension plan (VPP). Any such plan would combine workers from multiple employers and set an entry level minimum contribution formula for employers and employees (while also offering higher contribution options). The plan, as proposed in most provinces, would allow employers and employees to opt out.

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