September 3, 2025 Gatineau, Quebec Employment and Social Development Canada
Personal support workers are essential to the strength of Canada's care system, and the Government of Canada is supporting their efforts by helping them build greater financial security.
Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario, and the Honourable Stephanie McLean, Secretary of State (Seniors), announced an investment of over $29,9 million to fund Common Wealth Pension Services Inc., an organization selected under the Personal Support Worker Retirement Savings Innovation Program pilot.
Over the next 24 months, Common Wealth will help eligible personal support workers build retirement savings by offering incentives to open accounts and matching part of their contributions. The goal is to strengthen savings habits, enroll over 5,000 eligible personal support workers and build more than $40 million in retirement savings. By tracking results, the measures will help both industry and government in improving support for personal support workers and shaping future policies.
This initiative is one of several Government of Canada actions to improve long-term care. This program helps personal workers save for their future while also strengthening long-term care by improving workforce retention and creating better working conditions.
