Program directory · Employment and Social Development Canada
Personal Support Worker Retirement Savings Innovation Program
- Department
- Employment and Social Development Canada
- Program code
- BGN04 (HRSD)
- Core responsibility
- Pensions and Benefits
- In Departmental Plans
- 2025-26 – 2026-27 · New since an earlier plan
What it does
This program will provide funding to organizations to develop pilot projects. These organizations will provide retirement savings incentives for personal support workers (PSWs) without workplace pension plans. The government will use the program to test different approaches to encourage savings for retirement among PSWs and to find out which works best. The incentives offered through the pilot projects must at least in part match some of the funds invested by PSWs in eligible savings accounts. In addition to helping PSWs save for retirement, the incentives may also encourage them to keep working in the long-term care sector.
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2024-25. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Personal Support Worker Retirement Savings Innovation Program | This program | 2024-25 – 2028-29 | $89K |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
| Year | What changed | Source |
|---|---|---|
| 2023 | Budget 2023 measure “Strengthening Retirement Saving for Personal Support Workers”: $50M in total over its years (linked to this program by name, a best-effort match). | Budget 2023, PDF page 75 |
| 2025-26 | Planned spending $9.3M, against $89K in 2024-25 (+10336%). | Latest Departmental Plan |
| 2026-27 | Indicators added: Total contributions made by participating PSWs | Departmental Results Framework (GC InfoBase) |
| 2027-28 | Planned spending $20.4M, against $13.7M in 2026-27 (+48%). | Latest Departmental Plan |
| 2028-29 | Planned spending $0, against $20.4M in 2027-28 (−100%). | Latest Departmental Plan |
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
No results reported yet.
Current: the 2026-27 plan's targets
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ 4,800 | 2027 | — | Planned |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ $9.2M | 2027 | — | Planned |
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2024-25 | — | $89K |
| 2025-26 | $9.3M | — |
| 2026-27 | $13.7M | — |
| 2027-28 | $20.4M* | — |
| 2028-29 | $0* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2024-25 | — | 0 |
| 2025-26 | 4 | — |
| 2026-27 | 3 | — |
| 2027-28 | 3* | — |
| 2028-29 | 0* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|
| 2025-26 plan | $9,299,023 | $13,743,233 | $20,376,215 | |
| 2026-27 plan | $13,734,061 | $20,368,316 | $0 | |
| Actual |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
