Definitions for "Group RRSP"
In Canada, a collection of individual registered retirement savings plans (RRSPs) established and maintained by an employer in order to help employees save for retirement. Each RRSP within the group is owned entirely by the employee. Employer contributions therefore become vested as soon as they are made.
a collection of individual RRSPs administered collectively by the employer for a group of employees
a collection of individual RRSPs offered to employees by their sponsoring employer
a flexible cost-effective response to today's need for simplicity