Group Retirement Plans

Group Retirement Plans are savings vehicles that provide benefits to members of groups by accumulating funds to provide an income after retirement.

Typically, Group Retirement Plans accumulate funds using:

• Group Accumulation Annuities and/or
• Group Segregated Funds

Income after retirement is provided by:

• Group Payout Annuities and/or
• Group RRIFs

Group Retirement Plans are usually registered under the Income Tax Act (Canada) as Registered Retirement Savings Plans (RRSPs), or Registered Pension Plans (RPPs).