This can cause retirement plan participants to stick to the generally low default contribution rates, perhaps believing them to be an implicit plan recommendation. (blackrockblog.com)
A slew of important details need to be worked out, ranging from who can administer PRPPs to default contribution criteria. (canadianbusiness.com)
Vettese and other pension experts want new hires to be automatically enrolled in PRPPs, with a minimum default contribution deducted from payroll. (canadianbusiness.com)