The CAAT Pension Plan has a contingency plan ready in the event of a disruption to Canada Post Service.
Retired members can rest assured that pension payments will continue, as they are made by direct deposit.
We are proud to share our financial results, which can be found in the CAAT Pension Plan 2015 annual report released today.
Sixth year of building reserves strengthens funding position, demonstrates sustainability of modern pension plan 8.1% net rate of return; Assets grew to $8.6 billion
Your March 2016 Retired Member Newsletter is now online.
97% of active members support the merger
(Toronto: January 11, 2016) Members of The Royal Ontario Museum (ROM) pension plan have overwhelmingly chosen to join the Colleges of Applied Arts and Technology (CAAT) Pension Plan.
The merger is the first of its kind to use Ontario’s new regulations permitting the conversion and transfer of assets from a single-employer pension plan in the broader public sector to a jointly governed, multi-employer pension plan. The regulations came into effect November 1, 2015.
We received a number of questions about Power of Attorney information following the Pension Confirmation process earlier this year. Many of you may have Power of Attorney documents that are not yet in force, or that are for Personal Care, and wonder if the Plan requires these documents each year.
The Retired Member Annual Statement you will receive each spring is similar to the Annual Statements you received as an active member. It provides you with details about your pension, inflation protection and beneficiaries. Your Statement also requires action from you, to do your part to keep to keep your pension safe and the Plan secure.
The CAAT Pension Plan’s inflation protection rate for 2016 will be 0.96%. The increase takes effect January 1, 2016.
August 2015 – CAAT Plan members will be exempt from participating in the ORPP. The Ontario government released ORPP design details confirming that employees in comparable pension plans and their employers offering such plans will not be required to participate in the ORPP.