Ceridian Collaborates With Leading Pooled Registered Pension Plan Providers To Give Small and Medium-Sized Businesses Easy Access To Group Administered Retirement Savings Plans
Integrated Payroll Solution Streamlines The Administration Of Workplace Savings Plans & Keeps Organizations Compliant With Evolving Legislation
Toronto, ON, July 9, 2014 —Ceridian Canada announces it is joining forces with some of the industry’s leading Pooled Registered Pension Plan (PRPP) and Voluntary Retirement Savings Plan (VRSP) providers to facilitate the implementation and administration of workplace savings plans, geared to small and mid-sized businesses. The program will begin in Quebec and will expand as other provinces implement savings plan legislation.
Ceridian’s payroll solution integrates with PRPP providers Manulife Financial, Great-West Life, Morneau Shepell and Standard Life, allowing for reduced pension plan administration costs and significant time-savings for businesses.
The PRPP provider collaboration makes the set-up of workplace savings plans easy, especially for payroll deductions and contribution transfers to all small and mid-sized employers using Ceridian services. Ceridian’s payroll solution enable compliance with constantly evolving PRPP related legislation, alerting organizations of obligations which they may be required to follow due to legislative changes.
“Ceridian is committed to helping organizations of all sizes achieve operational excellence,” says Dave MacKay, president of Ceridian. “Through our relationship with best-in-class PRPP providers, we are making workplace savings plans more accessible to small to mid-sized businesses and by extension, we’re giving more Canadians an opportunity to save for their retirement.”
Ceridian and its PRPP partner network have developed a website where employers can learn more about PRPP and VRSP solutions and monitor legislative changes.
Ceridian Canada is part of the Ceridian group of companies. Ceridian is a leader in human capital management with more than 100,000 clients across the globe. Ceridian delivers trusted results and transformative technology. Our offering includes the award winning, cloud-based Dayforce HCM, LifeWorks, PowerPay and International Payroll. Ceridian is transforming the world of work. For more information about Ceridian solutions, visit www.ceridian.ca or call 1-877-237-4342.
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