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Definition Of Money-purchase Provisions:


The terms of a registered pension plan that detail the specific amounts thatan employer and employee contribute to the plan.
The amounts may bestated in dollars or percentages. The provisions of the pension plan statesthe maximum amountofthe employee'scontributionthat can be matched by theemployer. Money-purchase provisions for registered plans must fall under thegoverning requirements outlined by the Government of CanadaAside from thegovernment's requirements that the money-purchase provisions must meet,the company offering the registered pension plan also addsits own terms that an employee must follow to qualify for the employer's matching contributions.

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