Payroll Manager

Assignment 1: Legislative Monitoring and Assessment
tiptop C-25: Pooled Registered reward Plans Act (PRPP)

Oral Presentation:
I choose this legislative topic to monitor and assess because it is one that I fire relate to personally. In a recent survey conducted by Statistics Canada, it was determined that over 60% of Canadians do non give a workplace bonus jut out and no seclusion savings. Past statistics have proven that people save more(prenominal) through a workplace pension plan. I before long work for a fellowship that does not have a pension plan in place for its employees. After construction that, I am very excited to say that our company is looking into a pension plan for 2013.
I would the likes of to discuss a bill which just recently veritable Royal Assent. This bill is k at one timen as Bill C-25 Pooled Registered bonus Plans Act, or in short PRPP.

What the change/issue is: Bill C-25: Pooled Registered Pension Plans Act (PRPP)
The Pooled Registered Pension Plan (known as PRPP) is a low-cost pension plan developed by the federal official government to help Canadians save for retirement. Expected to come into force in 2013, it will allow federally regulated entities to voluntarily establish a PRPP for their employees.




PRPPs provide members with a new, low-cost, efficiently managed, take-away and accessible savings vehicle that will help them wreak their retirement objectives.
PRPPs will allow individuals who currently may not participate in an employer-sponsored pension plan, such as the free-lance and employees of companies that do not offer a pension plan, to start out use of this new option.
PRPPs will be especially substantial for small to medium size business owners and their employees, who will now have access to a large-scale, low-cost pension plan for the very first time with professional administrators working to undertake that funds are invested in the best interests of plan members.
Pooled registered pension plans are intended to:
* Encourage employer participation
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