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Sandra presently participates in her employer - sponsored defined contribution pension plan ( DCPP ) . As contributions continue to be made into her plan,
Sandra presently participates in her employersponsored defined contribution pension plan DCPP As contributions continue to be made into her plan, what can she expect?
Retirement benefits will be based on a prescribed formula that can be referenced from the plan's terms and conditions.
Her available registered retirement savings plan RRSP contribution room will be reduced by what is being contributed to her plan.
To ensure she has savings at retirement, the employer will choose stable investments to grow her retirement savings.
The employer will solely make contributions to her DCPP based on a prescribed formula noted within her plan.
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