All members and employers benefit from growing plan membership. The following have joined the CAAT Pension Plan as our newest employers.
Lambton College Student Administrative Council
The Student Administrative Council who represents full-time students at Lambton College joined the CAAT Pension Plan, effective May 1, 2018.
Canadian Collegiate Athletic Association
The Canadian Collegiate Athletic Association (CCAA) joined the CAAT Plan on May 1, 2018. The CCAA is the national governing body for collegiate varsity sport, providing athletic leadership and competition programs and services to its member institutions across Canada, including the Ontario College system.
A total of 3,000 members from Torstar Corporation and its subsidiaries, Metroland and Toronto Star Newspapers Limited, have joined the Plan. These employers have become the first new employers to join CAAT under the DBplus plan design, effective October 1, 2018. Torstar’s defined benefit (DB) pension plan members overwhelmingly voted 97% in favour of the merger.
The merger comes after thorough and lengthy due diligence by the CAAT Plan and secures sufficient assets from the Torstar plans to cover all their pension obligations. In the coming months, an application will be made to the Financial Services Commission of Ontario for its consent to transfer the pension assets from the Torstar pension plans to the CAAT Plan.
Learn more about the merger with Torstar Corporation.
Growing Plan membership benefits existing members
In recent years, the Plan has been in discussion with various organizations, both inside and outside Ontario's public sector, that are interested in joining a secure, sustainable, modern DB plan such as the CAAT Pension Plan.
Growth in membership helps improve benefit security for all members and accelerates the building of reserves under the Plan’s Funding Policy.