Pension Plans in Canada

Contributory status of registered pension plan, type

Contributory status refers to whether a pension plan requires employees to contribute a portion of the cost of the benefits (contributory) or not, in which case the entire cost of the benefits is borne by the employer (non-contributory).

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:

• Contributory status of pension funds