We want to be very clear that racism and discrimination do not have a place at CAAT or in our society. The CAAT Pension Plan condemns acts of racism and violence targeting the Black, Indigenous and People of Colour (BIPOC) communities.
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.
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.
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.
CAAT rings in 2020 by welcoming new employers
The Plan adds its first Manitoba employer, and expands its list of non-profit employers
The CAAT Pension Plan continues to diversify its membership and extend its reach across Canada. On January 1, 2020, CAAT welcomed three more employers to the growing list of members in the DBplus plan design.
Benefit security is the CAAT Plan’s main priority and a key area of focus for the Plan’s governors. Building reserves and diversifying Plan membership are some of the ways the Plan manages risk to stay strong and relevant for current and future members. The introduction of DBplus is one way CAAT is evolving to meet the needs of a changing workforce.
As part of the ongoing initiative to provide more working Canadians with defined benefit pensions in retirement, CAAT has recently welcomed new members from across the country. Provincial pension legislation defines minimum pension standards that may apply to individual
Our annual surveys of retired and active members finished in September and the findings are steady and strong. Nearly 2,900 retired members and more than 3,100 active members responded, up slightly from last year. Thank you to all who took part.
96% see the value of their pension
Asked to rate the value they are receiving from their pension, compared to the contributions they or their spouse made to the Plan while working, 96% of retired member respondents said the value is excellent (37%), good (43%) or reasonably good (16%).