2025-09-04 from westcentralonline.com
The federal government is investing more than $29.9 million to help personal support workers across Canada build retirement savings, officials announced Wednesday.
The funding will support Common Wealth Pension Services Inc. under the Personal Support Worker Retirement Savings Innovation Program pilot. Over the next 24 months, the program aims to enroll more than 5,000 eligible personal support workers and build over $40 million in retirement savings by offering incentives to open accounts and matching part of participants’ contributions.
The program is intended to strengthen financial security for personal support workers while supporting workforce retention and improving long-term care services.
“A strong economy depends on a thriving care sector and the hard workers behind it,” said Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario. “Through these measures, we're supporting personal support workers by helping them build a financial safety net and retire with confidence.”
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