PRPP, or Pooled Registered Pension Plan, is a type of retirement savings plan designed to help individuals save for their future. It allows small businesses and self-employed individuals to offer a pension plan to their employees, pooling resources to reduce costs and improve investment options. The PRPP is regulated by provincial and federal laws, ensuring that contributions are managed securely. Participants can contribute to their accounts, and employers may also make contributions. This plan aims to increase retirement savings among Canadians, especially those who may not have access to traditional pension plans.