What is a voluntary retirement savings plan (VRSP)?

A voluntary retirement savings plan (VRSP) is a group retirement savings plan set up by an employer.

The VRSP is a voluntary retirement savings plan. Under the Voluntary Retirement Savings Plans Act, all employers with 10 or more employees are required to offer their employees a way to save for retirement. With a VRSP, employees are enrolled automatically, and the plan must be set up within the time prescribed in the Act.

Employers may also offer another group savings solution, such as the RRSP+ at the Fonds de solidarité FTQ. Employees may choose whether or not to enrol, and the plan is set up within a few days.  

Both of these options involve automatic contributions via  payroll deductions.

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Legal Notes
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.