Morneau Shepell Asset & Risk Management, a wholly owned subsidiary of Morneau Shepell, has completed the final step required to offer a voluntary retirement savings plan (VRSP).

After first being approved by the Autorité des marchés financiers to act as an administrator, the company has now registered the Morneau Shepell VRSP with the Régie des rentes du Québec.

“We’re pleased to be able to offer Quebec employers a turnkey VRSP solution, making it possible for thousands of employees to have easy access to an affordable retirement savings plan,” says Luc Grandchamp, a partner with Morneau Shepell.

In addition, the company has integrated payroll solutions with several providers, simplifying contribution remittance for employers that use the services of one of these payroll companies.

The Morneau Shepell VRSP is currently available to Quebec employers that want to introduce the program before legislated deadlines.

Quebec organizations with 20 or more employees will have to offer a VRSP by Dec. 31, 2016, unless they already have another group retirement savings plan in place.

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Copyright © 2017 Transcontinental Media G.P. Originally published on benefitscanada.com

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