Annual Webinar on benefit security and the CAAT Plan’s continued sustainability
Derek W. Dobson to answer your questions
May 12, 2020, 12:00 – 1:00 p.m. EDT
Although 2019 was an exceptional year for the Fund’s performance, recent events have dramatically changed the near-term outlook for the Canadian and global economies. After a brief presentation highlighting the Plan’s 2019 performance, Derek W. Dobson, CAAT’s CEO, will be available to answer your questions about the financial health of the Plan and its continued sustainability during these uncertain times.
Message from Derek W. Dobson, Chief Executive Officer and Plan Manager – March 26, 2020
Although the COVID-19 pandemic is disrupting our lives and investment markets, you can rest assured your benefit is secure and pensions will be paid on time. The lifetime pension you have earned is not affected by investment market fluctuations.
Join CEO Derek Dobson for presentation and Q&A.
May 12 at Noon EDT
Read the Member Newsletter for May 2020
The CAAT Pension Plan has made temporary adjustments due to the COVID-19 pandemic, to make it easier for you to send documents to the Plan using a secure method.
Your Annual Statement is a powerful resource that can help you plan for retirement. Your personalized statement displays the pension you earned in the CAAT Pension Plan up to December 31 of the previous year.
The CAAT Pension Plan takes very seriously its fiduciary responsibility to the over 65,000 plan members that we work for. In carrying out all of the Plan’s investment decisions, we are guided by the three core principles of our Responsible Investing Policy:
Annual return of 16% net of investment management fees
The CAAT Pension Plan’s financial results, released today, confirm that the Plan is well-funded and has ample reserves to weather the recent investment market downturn. The Plan has been steadily building reserves over the past decade, consistent with the focus on benefit security.
We have extended the deadlines for all service or pension purchases and for commuted value transfers with an expiration date between March 1 to May 31.
Under the new deadline extension, you have until September 1, 2020 to complete your transaction.
Plan funded status sits at 118% with funding reserves of $2.9 billion
Toronto, March 10, 2020 – The CAAT Pension Plan stands 118% funded on a going-concern basis, with $2.9 billion in funding reserves, based on its latest actuarial valuation as of January 1, 2020.