A Defined Benefit Registered Pension Plan is an agreement to provide specific benefits at retirement, based on years of service and earnings.

Sponsor advantages

• Sponsors select the pension level and decide whether employee contributions are required or not
• Contributions and plan administration expenses are tax deductible
• Flexible retirement program - better suited to provide early retirement benefits and other ancillary benefits

Member advantages

• Members receive a formal promise of a specific pension at retirement
• Guaranteed retirement income
• Creditor-proof - to the extent provided for under applicable legislation, pension plan contributions cannot be seized by creditors