Defined Contribution Pension Plan (DCPP)

In a Defined Contribution Pension Plan (DCPP), the employer and employee make contributions that are tax deductible and accumulate on a tax-deferred basis. The administrator of the plan is required to offer a wide variety of investment funds to make the retirement fund grow. In most cases, members provide their own investment instructions for the amounts contributed on their behalf. The funds accumulated in a Defined Contribution Pension Plan cannot be withdrawn before the member retires and must be used to purchase an annuity.

These plans are generally better suited to employers who are concerned with assisting their employees in building an income for retirement.  The advantages of a Defined Contribution Pension Plan include:

  • Expert advice on plan design and on establishing an investment policy, where applicable
  • All documentation as required by law
  • Information meetings with the plan sponsor and plan members
  • A wide variety of investment options and fund manager investment strategies
  • A complete range of services to assist members in developing a retirement plan and monitoring its progress

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  • Stay within your budget
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