Employer News

Posted for
Employers
January 17, 2020

News & Events

Celebrating one year of DBplus!

DBplus just turned one! In its first year, DBplus has provided more members of the CAAT Pension Plan with the opportunity to earn a predictable, secure, defined benefit pension in retirement, paid for life.

A year in review of DBplus
To celebrate this milestone, here are a few facts about the first year of the DBplus plan design: 

  • There are nearly 10,000 DBplus members in the Ontario college system, plus nearly 13,000 who joined from a wide range of employers from across Canada.
  • On January 1, 2020, DBplus pensions earned up to the end of 2019 received an Average Industrial Wage (AIW) increase of 2.25%.
  • Nearly 300 retired members are currently collecting a lifetime pension in DBplus.
Posted for
Employers
January 14, 2020

The Data Collection Tool (DCT) will be available starting January 24, 2020. DCT training webinars will be offered on January 21, 22 and 23.

Posted for
Employers
December 5, 2019

News & Events

Deadlines for January off-cycle pension payments

  • December 2 was the deadline for January 1, 2020 pension starts.
  • We will accept completed option documents until Thursday, December 12 (noon) to accommodate an additional January 2, 2020 pension start date.
  • After that date, pensions will be paid starting in February (with a catch up payment.)
Posted for
Employers
November 15, 2019

Webinar date: November 26, 2019
Time: 10:00 A.M. - 11 A.M.

Posted for
Employers
November 8, 2019

News & Events

Pension Benefit Application Form – Member signature no longer required

In order to make processes more efficient, we will be removing the member authorization section (section G) from the Pension Benefit Application form.

Posted for
Employers
October 30, 2019

Join us for an Employer Education Session - Pensionable earnings, service contributions and Pension Adjustments - November 7, 2019.

Posted for
Employers
October 15, 2019

News & Events

DBplus Contributions – Annual Limit

The combined total of member and employer DBplus contributions cannot exceed the year’s Money Purchase Limit ($27,230 in 2019).

Posted for
Employers
September 23, 2019

Webinar date: October 3, 2019
Time: 10:00 A.M. - 11:00 A.M. 

Find the slides for download here

Please register for October 3 Employer Education Session - Pension Purchases on October 3, 2019 10:00AM EDT at:

Posted for
Employers
September 6, 2019

News & Events

Member and employer portal project update – initial consultations and next steps

In the early stages of the member and employer portal project, we invited employers to give us feedback on the direction we are taking to better understand the impact the portal will have on you and your work.

In August, we held two separate consultations with representatives from various employers, including a representative from the College Employer Council.

Posted for
Employers
August 13, 2019

News & Events

New member and employer portal project – we are collecting your feedback!

As part of our ongoing commitment to simplifying pension administration work, we are developing employer and member portals. This project is in the early stages, and we want to talk to employers about the direction we are taking to gain a better understanding of the impact the portal will have on you and your work. We’re also looking for your perspective on what would be valuable for your members.

Pages