The Pooled Registered Pension Plan will allow more small businesses and self employed individuals to participate in a pension plan.  The plan is voluntary for both employers and employees and employers have the option of whether to contribute or not.  The benefit to employees is that contributions are made through automatic payroll deductions, making saving for retirement more streamlined.  Because of the size of the pool, PRPPs are expected to have lower management fees than other retirement savings programs. 

 “The majority of small businesses currently do not offer a pension plan for their employees.“ commented Kathryn Coll, President of the Greater Charlottetown Area Chamber of Commerce.  “The Pooled Registered Pension Plan offers small businesses an opportunity to enhance their employee benefit programs, potentially assisting with the attraction and retention of staff.”

The Greater Charlottetown Area Chamber of Commerce serves as the “Voice of Business” on economic issues for its 900 members representing over 17,500 employees in small, medium and large enterprises in the capital region. 

UPCOMING EVENTS

Lot 30 Restaurant/Wine Bar

Largo Fitness Center

The Garment District