Why Introduce a Retirement Plan?

It's an integral part of your compensation program 


The #1 answer: To provide a competitive total compensation package (from the Hewitt Trends in Canadian Retirement Programs 2004).

Your reasons for implementing a Plan will have a major affect on your plan design. For example, if you are implementing a plan to reward loyal employees, you may decide to incorporate a longer "eligibility period" than an employer who is implementing a plan to attract employees.

Top reasons for providing Pension and CAP Plans:     

Provide a competitive total compensation package 

84%

Retain Employees

49%

Enable Employees to achieve an adequate retirement income so they can transition out of the workforce

43%

Attract Employees

42%

Encourage Employees to save for retirement     

37%

 

For more information please contact:  Vivian Maclean