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What is PRPP/VRSP?

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A Pooled Registered Pension Plan (PRPP)/Voluntary Retirement Savings Plan (VRSP) is a new workplace savings plan, geared to small and medium-sized businesses, as well as self-employed business owners. It is a low-cost defined contribution pension plan, designed to be simpler to set up and manage than a traditional pension plan, as the Administrator (Manulife) is responsible for most of the administrative tasks – not the employer.

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