Group retirement plans are savings vehicles that provide benefits to members of groups by accumulating funds to provide an income after retirement.

Typically, group retirement plans accumulate funds using:

After retirement, income is provided by:

Group retirement plans are usually registered under the Income Tax Act (Canada) as Registered Retirement Savings Plans (RRSPs), or Registered Pension Plans (RPPs).

Registered pension plans may be either defined contribution plans or defined benefit plans.