Grants and Contributions:
Title:
My65+ Care Worker Retirement Savings Project
Agreement Number:
020791497
Agreement Value:
$29,945,583.00
Agreement Date:
Sep 10, 2025 - Sep 9, 2027
Description:
The objective of the PSW-RSIP is to test different approaches to stimulate retirement savings for PSWs
Organization:
Employment and Social Development Canada
Expected Results:
The expected outcomes of the PSW-RSIP are:
• PSWs open tax assisted retirement accounts in order to have savings for retirement.
• Increased financial security of PSWs towards retirement.
• Increased retention of participating PSWs.
Location:
Toronto, Ontario, CA M5K2A1
Reference Number:
014-2025-2026-Q2-00027
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
822847166RT0001
Recipient Type:
For-profit organization
Recipient's Operating Name:
Common Wealth
Recipient's Legal Name:
Common Wealth Pension Services Inc
Federal Riding Name:
Spadina-Fort York
Federal Riding Number:
35101
Program:
Personal Support Worker Retirement Savings Innovations Program
Program Purpose:
The purpose of the Personal Support Worker Retirement Savings Innovation Program (PSW-RSIP) is to support pilot projects providing retirement savings incentives to personal support workers (PSWs) who are without workplace retirement security coverage.
Coverage:
National
NAICS Code:
62412