Did you know that your pension grows in retirement, as it receives inflation protection increases? And if you die, your spouse receives a pension, paid to them for the rest of their life?
Your DBplus defined benefit pension from the CAAT Plan will provide you with a lifetime of monthly pension payments after you retire. But did you know that you have ways to increase your pension?
We’ve enhanced your Annual Statement! Your next Statement will still contain all your valuable pension information in one place, with a fresh, new look.
CAAT is evolving to meet the needs of a changing workforce. Since its launch in 2018, DBplus has attracted several new employers with its innovative offering, which includes guaranteed lifetime retirement income with conditional inflation protection, survivor pension benefits, and early retirement options – with the certainty of a fixed cost for both employees and employers.
More than 3,000 active members and 2,700 retired members completed the 2019 opinion surveys.
Joint governance is a key strength of the Plan. It ensures employees and employers have an equal voice in the Plan’s decisions through their representatives on the Board of Trustees and the Sponsors’ Committee. Joint governance also balances different perspectives and interests, promotes collegiality, and ensures there is a collective focus on the Plan’s long-term security.
Spotlight on the Chair and Vice-Chair of the Board of Trustees
On April 1, 2019, the Chair and Vice-Chair assumed their new roles.
Derek W. Dobson, CAAT’s CEO & Plan Manager, is the recipient of the Association of Canadian Pension Management (ACPM) 2019 Industry Leadership Award. The award is in recognition of Derek’s industry leadership for DBplus. We are proud of the contribution DBplus is making to providing more working Canadians with adequate income in retirement.
Community Living Toronto has entered into an agreement to merge its pension plans with the CAAT Pension Plan. As with previous mergers of this type, active members of the Community Living Toronto pension plans must consent to the merger through a voting process, with unionized members being represented by their local CUPE 2191. This process concludes on September 30, 2019. If the merger proceeds, employees will start contributing to and earning a benefit under the CAAT Pension Plan as of October 1, 2019.
Postmedia, London Cross Cultural Learning Centre, and The Canadian Press join CAAT’s award-winning DBplus design on July 1st
Read the Member Newsletter for April 2019