Contributions to a GRRSP are typically outlined in an employment contract as part of the employee’s overall compensation. If you decide to change the contribution requirements, you will need to notify your employees and your service provider. We also recommend discussing any changes with an employment lawyer. […]
Category: Group Registered Retirement Savings Plans (GRRSP) - Retire
Our GRRSP does not allow employees to withdraw from the plan? Can we change this rule temporarily?
The decision to allow withdrawals from the plan is decided by the employer and can be amended at any time. If you want to temporarily allow withdrawals, notify your service provider. […]
Our GRRSP rules enforce a suspension of employer contributions if an employee makes a withdrawal from the plan. Can we temporarily waive this rule?
Similar to the previous question, the withdrawal rules are decided by the employer and can be amended at any time. If you want to temporarily waive the suspension rule, notify your service provider […]