Planning to get group benefit insurance in Winnipeg. We can help you get cost effective group benefit plan. As insurance broker we can shop around the the price for you and help you set the benefit plan of your choice.
It is an initiative by the employer who arranges for the company’s employees to make contributions in a group RRSP via payroll deductions. In group RRSP, employee contribute some part of their income in order to achieve various benefits like instant tax savings, investment options and reduced fees, etc.
A pension plan is a method in which employees transfer part of their salary towards retirement income. Pension plans can be further described in two main types: defined-benefit plans and defined-contribution plans. Defined Benefit (DB) Plan: Regardless of the performance of investments, the employer guarantees that the employee will receive a definite amount of benefit upon retirement.