What's News in 2018

Increase in the default contribution rate for VRSPs

On 1 January 2019, the default contribution rate for voluntary retirement savings plans (VRSPs) will increase from 3% to 4% of the employee's gross salary. That rate applies to employees who have signed up for a VRSP offered by their employer but who do not choose the amount they wish to contribute by the given deadline.

18 December 2018
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