SOURCE: Ceridian

Ceridian

July 21, 2015 09:00 ET

Ceridian Expands Pooled Registered Pension Plan Partner Program

Ceridian Adds RBC Royal Bank to Its PRPP/VRSP Partner Program to Provide Small & Mid-Sized Businesses Easy Access to Group Administered Retirement Savings Plans

TORONTO, ON--(Marketwired - July 21, 2015) - Ceridian Canada is adding RBC Royal Bank to its list of industry 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.

PRPPs and VRSPs make it affordable for small and mid-sized organizations to offer retirement savings programs to employees. VRSPs create economies of scale, and help make implementing a plan more affordable, by pooling pension funds.

Ceridian's payroll solution now integrates with the RBC VRSP -- administered by The Royal Trust Company -- along with Manulife Financial, Great-West Life and Morneau Shepell, allowing for reduced pension plan administration costs and significant time-savings for businesses.

This 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. From a compliance standpoint, Ceridian's payroll solution alerts organizations of obligations, which they may be required to follow due to legislative changes.

"Ceridian is committed to helping small and mid-sized organizations offer their employees a comprehensive workplace savings plan," says Dave MacKay, president of Ceridian. "Through our continued joint efforts with leading PRPP providers, we're making workplace savings plans more accessible, giving employees more opportunities to save for retirement and secure a comfortable future."

To learn more about PRPP and VRSP solutions and monitor legislative changes, visit the following website: www.prpp.ceridian.ca/

About Ceridian
Ceridian is a global human capital management technology company serving over 25 million users in more than 50 countries. Our offering includes the award winning, cloud-based Dayforce HCM, Global Solutions, Small Business Payroll, and LifeWorks Employee Assistance and Wellness programs. Ceridian. Makes Work Life Better For more information about Ceridian solutions call 1.877.237.4342 or visit www.ceridian.ca.

Follow Ceridian on: Twitter, Facebook, and LinkedIn

Contact Information