Following the success of the ROM Pension Plan merger into the CAAT Plan, interest has grown in the CAAT Plan’s ‘growth initiative’. Most recently, the Board of Trustees and Sponsors’ Committee agreed to the merger of the Youth Services Bureau of Ottawa (YSB) Pension Plan into the CAAT Plan (effective January 1, 2018).
Register for the upcoming Growing membership: The possibilities beyond the education sector webinar.
Get the latest facts from the CAAT Pension Plan.
Our annual survey of Retired Members and Surviving Spouses is underway. Please watch your mail for a blue postcard with the passcode to access.
On May 31, 2017, 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, and to ensure alignment with legislation. The restated Plan Text goes into effect on January 1, 2018. Most of the changes in the restated plan text are administrative in nature and have no impact on retired members.
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.