04/19/2013 03:35 EDT | Updated 06/19/2013 05:12 EDT

Alberta gov't brings in pooled defined contribution pension plans

EDMONTON - The province is introducing new legislation to help Albertans save for retirement.

The pooled defined contribution pension plans will be large professionally managed funds, similar to what larger corporations offer their employees.

The Alberta government says joining the pooled pension fund will allow members to access the benefits of being part of a large fund, while allowing them to move their benefits from job to job.

The plan is open to all Albertans, but is particularly aimed at small business workers, and the self-employed who may not have access to large private sector funds.