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Personal Support Worker Retirement Savings Innovation Program (PSWRSIP) – Solicited Call | Employment and Social Development Canada (ESDC)

December 13, 2024

Value

From $1,000,000 to $30,000,000 for a project that is up to 24 months.

Description

The Personal Support Worker Retirement Savings Innovation Program (PSWRSIP) will provide funding to eligible initial recipients that are able to provide retirement savings incentives through tax-assisted private savings vehicles to personal support workers (PSWs) without workplace retirement security coverage.

Eligible Applicants

This solicited process is open to invited organization only. Ultimate recipients must be Personal Support Workers (PSWs) as defined below. Note: PSWs is not a term or designation that is uniformly used in all provinces and territories, the eligibility of specific individuals will be based on their job descriptions. The workers whose tasks align with those described in the 2021 National Occupational Classification (NOC) categories are eligible so long as they support seniors or persons with disabilities and are employed in:

  • health care establishments
  • hospitals
  • nursing homes
  • assisted care facilities
  • mental health
  • addiction centers and home care

 

The NOC categories included are:

  • NOC 33102: Nurse aides, orderlies, and patient service associates
  • NOC 44101: Home support workers, caregivers, and related occupations

Eligible Expenses

The Personal Support Worker Retirement Savings Innovation Program provides contribution funding to pilot projects. The projects will develop and test innovative solutions to strengthen retirement savings of PSWs without workplace retirement security coverage. Projects funded will need to:

  • make use of a tax-assisted private savings vehicle
  • contain an element that wholly or partially matches funds invested for retirement by participating PSWs, and
  • agree to provide data to allow for the assessment of the program

Deadline Date

November 25, 2024, to December 13, 2024, at 3:00 pm, Eastern Standard Time (EST).

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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