As a Modern DB (Defined Benefit) pension plan, the CAAT Pension Plan is open to discussions with interested organizations (including those outside of Ontario's post-secondary education sector) about the possibility of joining the Plan. The CAAT Plan provides a proven solution for organizations that want to offer a cost-effective and sustainable pension to their employees.
Various organizations both in and outside the public sector have already joined the CAAT Plan, and now offer secure lifetime pensions to their employees. Even organizations that do not currently offer a pension plan, or that offer DC or RRSP arrangements, can take advantage of the opportunity to offer a cost-effective, sustainable pension solution to employees through the CAAT Pension Plan.
For organizations with existing defined benefit plans, such plans can be merged into the CAAT Plan, with the CAAT Plan taking over responsibility for all past liabilities. This was the case when the Royal Ontario Museum joined in 2016—the first to use Ontario's new regulation permitting the merger of a SEPP with a jointly-sponsored, multi-employer plan.
This page provides the latest news on the Plan’s initiative to grow membership. To learn more, select one of the links below.
Growing membership: The possibilities beyond the education sector
Derek W. Dobson discusses growing CAAT Pension Plan membership.
Youth Services Bureau members to vote on joining CAAT Plan
(September 13, 2017) Following the success of the ROM Pension Plan merger into the CAAT Plan, interest has grown in the CAAT Plan’s ‘growth initiative’, with a number of pension plans exploring the benefits of such a merger. Most recently, the Board of Trustees and Sponsors’ Committee agreed to the merger of the Youth Services Bureau of Ottawa (YSB) Pension Plan into the CAAT Plan (effective January 1, 2018).
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