One of the hallmarks of a Modern defined benefit (DB) pension plan is that those who share the costs and bear the risks have a say in how the plan is run. This system, called joint governance, is an important feature of the CAAT Pension Plan.
Recent changes to the Sponsors’ Committee
Effective September 1, 2017, the Sheridan Student Union will join the CAAT Pension Plan as a participating employer.
Here are five facts are about the CAAT Plan’s Board of Trustees and Sponsors’ Committee, and CAAT Plan funding.
Member PoliciesOn May 31, the CAAT Pension Plan’s governors approved a restatement of the Plan Text designed to bring the document up-to-date by removing obsolete provisions, ensure alignment with legislation and give members added flexibility. The restated Plan Text goes into effect on January 1, 2018.
The 2017 Member Opinion Survey closes soon.
How does a Modern DB pension plan stay sustainable? There are five key components needed for a successful Modern DB plan, like the CAAT Pension Plan.
Register for the upcoming 2016 Annual report webinar