Provide your employees with a lifetime of financial security.
Leave your workplace retirement plan to us.
The ICPP is a cost-effective, low-risk, hassle-free outsourced pension solution. We deliver a reliable lifetime pension to your employees so your organization can stay focused on the business at hand.
The ICPP is thoughtfully designed to be an optimal pension solution for Canadian private sector employers and employees. It is a Multi-Employer, Collective Defined Contribution (DC) Pension Plan that delivers reliable lifetime retirement income to its members.
Compared to traditional pension arrangements, the ICPP can deliver significantly enhanced retirement security for members and a simpler, more cost-effective pension offering for employers. Companies that provide a robust retirement program are better able to attract and retain top talent and ensure employees retire on schedule.
The multi-employer, collective framework of the ICPP means almost any Canadian employer can join the plan. This cooperative approach allows investments to be pooled, administration to be harmonized, and fees to be kept low. As a result, members receive bigger payouts and participating employers enjoy significantly reduced risk and administrative burden.
Checking All the Boxes
The ICPP can offer more to employers and employees compared to traditional pension plans.
|Retirement Plan Features||ICPP (Collective DC)||Defined Benefits (DB)||Defined Contribution (DC)|
|No Balance Sheet Obligations||✓||✓|
|Predictable Monthly Cost||✓||✓|
|Minimal Fiduciary Risk||✓|
|No Administrative Burden||✓|
|Employees Retire on Schedule||✓||✓|
|Support in Retirement||✓||✓|
|Flexible Payout Options||✓||✓|
|Worry-free, Automatic Investing||✓||✓|
|Easy Retirement Planning||✓||✓|
How does it work?
It’s simple. The ICPP has been expertly designed to make having a
workplace pension plan as easy and risk-free as possible.
- Companies sign on to become Participating Employers in the ICPP. As part of the enrolment process, Participating Employers select a minimum Benefit Target and Contribution Level with the help of our experienced pension consultants.
- Our pension consultants complete the day-to-day administration of the plan, while an independent board of experts (ICPP Management Board) oversees plan governance.
- As a Participating Employer, your only ongoing responsibility is to remit contributions and provide up-to-date member data. We take care of the rest, including:
Management of Third Party Service Providers
Member Communication & Support
Regulatory & Legal Requirements