Statements will be sent by June 30, 2020
A small number of statements will be issued in July to ensure accuracy of information.
As an active member of the CAAT Pension Plan, you receive an Annual Statement with information about your pension. It summarizes how much pension you earned at the end of the previous year, how your pension has increased since your previous statement, and shows up to three possible retirement dates.
Your Statement is a personalized tool just for you, making it one of your most powerful retirement-planning resources. Your Annual Statement is also:
- a way to see how much pension you have earned
- proof of a growing pension
- a way to plan for retirement.
Most statements will be delivered during the month of June.
Need help reading and understanding your annual statement?
Watch the video below that applies to you.
DBprime and DBplus
Do you work part-time or on contract?
Visit the DBplus page to discover how DBplus maximizes the lifetime pensions of members who work part-time or on contract.
Questions about your Statement?
Review the Frequently Asked Questions below, or contact our Member Services team by phone at 1.866.350.2228 or email firstname.lastname@example.org.
Q. Why do I receive a Statement each year?
This important document contains a variety of information, focusing on your estimated retirement dates and future pension you are expected to receive. Your Statement provides you with the most detailed information possible about your Plan membership, allowing you to see how the pension formula is applied to your individual circumstances. Over time, you can track how your benefit grows as your service increases. If you're approaching retirement, you'll be able to see at a glance the pension you have earned to the end of the previous year, as well as your projected earliest retirement dates.
Q. When can I expect to receive my Statement?
Your employer provides the Plan with payroll data such as your earnings, breaks in employment and service purchases for the previous year. Once we have received all of the required information, the Statements are processed. Your statement will be mailed to your home address before the end of June of each year. Most statements will be delivered during the month of June.
Q. How is my personal information protected?
Each employer transmits member information to the Plan over a secure network. It is stored in a password-protected database, which can only be accessed by the CAAT Plan staff members who process and verify the data. Statements are delivered to members in a lined envelope for added security.
Q. What should I do with my Statement once I receive it?
Take a close look at your Statement to make sure that the information it contains matches your records. Notify your employer if there are any changes to be made to your personal information so that your file can be updated for next year. Your Statements are important financial documents and, as such, should be filed in a safe location.
Q. I have worked for multiple participating employers in the Plan. Does my Statement include all my employment history?
Yes. Your Statement is made up of all your Plan data – it includes your total service, earnings, and contributions – even if you earned them in multiple different employers.
Q. Why is the information in my annual statement based on last year’s data?
Pension regulations require that members receive an annual statement that details the pension they earned up to the end of the last calendar year.
Q. I misplaced my annual statement. Can I get another copy?
Yes. You can contact the Plan by phone at 1.866.350.2228 or email email@example.com to request a copy of your annual statement.
Q. Can I see my annual statement online?
At this point we do not have a secure website where members can access their personal pension information. You can, however, use our online Pension Estimator with or without your printed annual statement. The DBprime and DBplus Pension Estimators can be found here.
Q. Can I receive my annual statement by email?
We do not yet have the capability to deliver annual statements electronically and securely. Security is vital given the personal and private information contained in the statements. This is a service that we are working toward in future.