Five-year annualized net rate of return of 10.5% is well in excess of the 5.6% needed to sustain the Plan over the long term
TORONTO, May 10, 2017 - The Colleges of Applied Arts and Technology (CAAT) Pension Plan announced today Plan assets reached $9.4 billion at December 31, 2016, compared with $8.6 billion the previous year. The Plan returned 8.0% net of investment management fees, outperforming its policy benchmark by 1.3%.
Modern Defined Benefit (DB) plans, such as the CAAT Pension Plan, are an efficient way to help members build a secure lifetime pension. They also act as a valuable way for employers to attract and retain talent.
In a Modern DB pension plan, members and employers share the risks and costs of the plan, and make all the decisions about the Plan together. Modern DB pension plans are good for members, good for employers, and good for Canada. And they need champions to help spread the word.
Your March 2017 Retired Member Newsletter is now online.
Once you receive your Annual Statement, follow these three actions to keep your pension on track.
Last December, the merger between the Royal Ontario Museum (ROM) pension plan and the CAAT Pension Plan received final approval from the Financial Services Commission of Ontario.
We answer your top questions about survivor pensions after retirement, an often misunderstood provision of the Plan.
The annual Retired Member Opinion Survey will be conducted later this year. Watch your mail for your invitation to participate.
“50 facts for 50 years” is a series of My Pension NewsLink articles that follow the Plan’s ongoing advancements through interesting tidbits from 1967 to today.
The world has changed a lot in the last 50 years, and so has the CAAT Pension Plan. Here are five more facts about the Plan’s changes over the last 50 years.
You may have heard that the Ontario Government is involved in a public discussion about the appropriate accounting treatment of pension plan surplus on the Ontario Government’s books. An expert panel has been formed to deliver advice and recommendations on the appropriate application of the accounting standards used by the Ontario Government for its balance sheet. The primary focus to date has been those pension plans of which the Ontario Government is a sponsor.