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Oversight of the plan rests with the Saskatchewan Pension Plan Board of Trustees. The plan is also open to both residents (over the age of 18) of Saskatchewan and other provinces. [2] Saskatchewan is the only province in Canada that operates a voluntary pension plan of this nature. The plan has assets of $700 million and over 32,000 members. [3]
Both Quebec and Saskatchewan have their own provincial plans. They are the Quebec Pension Plan (QPP) and the Saskatchewan Pension Plan (SPP), where QPP is a mandatory pension plan for residents of Quebec. Both have different contribution and retirement income rates compared to the CPP.
Canada Pension Plan; Old Age Security; Quebec Pension Plan; Registered retirement savings plan; Saskatchewan Pension Plan; Finland – Kansaneläkelaitos; France: 2023 French pension reform unrest. Pensions in France; Allocation de Solidarité aux Personnes Agées; Pensions Reserve Fund (France) Hong Kong: [3] Mandatory Provident Fund (MPF Schemes)
Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans. [2]
Like in the United States, welfare in Canada colloquially refers to direct payments to low-income individuals only, and not to healthcare and education spending. [2] It is rarely used in Canada as the name of any specific program, however, because of its negative connotations. (In French, it is commonly known as le bien-être social or l'aide ...
The distinction between a LIRA / LRSP and a registered retirement savings plan (RRSP) is that, where RRSPs can be cashed in at any time, a LIRA / LRSP cannot. Instead, the investment held in the LIRA / LRSP is "locked-in" and cannot be removed until either retirement or a specified age outlined in the applicable pension legislation (though certain exceptions exist).
Image credits: historycoolkids The History Cool Kids Instagram account has amassed an impressive 1.5 million followers since its creation in 2016. But the page’s success will come as no surprise ...
Saskatchewan Pension Plan, a government-run pension plan in Canada; Security and Prosperity Partnership of North America, between Canada, Mexico and the United States; Protection and Guard Service (Romanian: Serviciul de Protecţie şi Pază), Romania