Financial statements

The 2010 financial statements for the fund of the CAAT Plan were audited by Deloitte and Touche LLP. They were approved by the Board of Trustees on April 19, 2011, and have been filed with the provincial regulator, the Financial Services Commission.

Unlike the financial statements of past years, these statements present a full picture of the Plan’s position, as they include both asset and liability measures. Electronic copies are available for Plan members to review upon request.

Financial highlights

Net assets available for benefits

Net assets rose over $600 million in 2010, a similar increase to the previous year. Net assets have now returned to 2007 levels.

Benefits

Benefit payments continued to increase in 2010. Pensions increased 0.40% due to inflation protection increases.

Contributions

Contributions from both members and employers rose by $34 million in 2010 due to increases in salaries, active membership, and contribution rates.

Membership

The Plan continues to grow with a healthy mix of active and retired members.