During our member webinars in June, members asked a number of questions about DBplus. Here are the top six questions we’ve received about the new plan design.
According to news reports, rotating postal strikes are possible as early as October 22, 2018.
We have contingency plans in place to ensure you will not be unduly inconvenienced:
On June 27, Derek Dobson, CEO & Plan Manager of the CAAT Pension Plan, presented a webinar to inform members about DBplus, the new design offered by the CAAT Pension Plan. The webinar has been re-recorded in French for our Francophone members, and is now posted the French version of our DBplus page.
Our annual survey of Retired Members and Surviving Spouses is underway. Please watch your mail for a green postcard with the passcode to access.
Designed to meet the unique needs of other than regular full-time (OTRFT) employees, DBplus is an easy-to-understand defined benefit (DB) pension plan.
Read the Member Newsletter for May 2018
The CAAT Plan’s latest annual report, released April 24, details another year’s strong performance. Investment returns of 15.8% in 2017, and 11.4% annualized over five years (both net of investment fees) have helped the funded status of the Plan reach 118%, keeping benefits secure and contribution rates stable.
The CAAT Pension Plan funded status grows to 118%, and the Plan’s assets grew to $10.8 billion in 2017.
Read an extract from the 2017 Annual Report Message from the Chair and Vice Chair of the Board.