Increasing your pension with a purchase

Did you know that you can increase your pension by making a purchase?

Did you ever:

  • work part time or on contract for an Ontario college or participating employer before joining the CAAT Plan?
  • have an unpaid leave of absence during your CAAT Plan membership?

Were you ever:

  • a member of a Canadian registered pension plan before working for an employer that participates in the CAAT Plan?

If any of these situations apply to you, you may be able make a purchase, enabling you to retire with a larger pension.

Why make a purchase?

Your defined benefit pension from the CAAT Plan is the cornerstone of your retirement income. It will provide you with a lifetime of monthly pension payments after you retire.

When you make a purchase, you create a larger lifetime retirement income for yourself, from a secure and cost effective source. You may even be able to retire sooner than you had previously planned. And, you can rest assured that your purchased pension receives the same valuable additional benefits as the rest of your pension: conditional inflation protection in retirement and no-cost survivor benefits.


Learn more about your purchase options:

I work full time for a college or related employer

You are earning a pension under DBprime.

Read about how purchases under DBprime work

Visit the ACE Tool to get an estimate of the cost of a purchase and start the purchase process.

I work part time or on contract for a college or related employer

You are earning a pension under DBplus.

Read about how purchases under DBplus work

Visit the DBplus Purchase Tool to get an estimate of the value of a purchase to you and start the purchase process.


Is a purchase right for you?

Only you can decide if a purchase is a good idea for you, and if it’s a cost effective way to increase your pension.

We suggest you seek independent advice from a financial advisor, particularly around the tax implications of purchases.

Read information about the 2017 Faculty strike.