Pension Plans in Canada
Funding instrument of registered pension plan, type
Funding instrument refers to the legal document defining the obligation of the funding agency with respect to the pension plan. It is defined as the agreement or contractual arrangement under which current contributions are held, accumulated and invested.
Registered pension plans refers to employer-sponsored plans registered with Canada Customs and Revenue Agency and most commonly also with one of the pension regulatory authorities. The purpose of such plans is to provide employees with a regular income at retirement.
The data for this variable are reported using the following classifications and/or lists:
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