Member Newsletter - April 2019

Posted for Members, April 16, 2019

Plan funded status grows to 120%, with benefit security reserves of $2.6 billion

The CAAT Pension Plan stands 120% funded on a going-concern basis, with a funding reserve of $2.6 billion, based on its latest actuarial valuation as at January 1, 2019. This is an improvement over last year’s valuation that showed the Plan 118% funded with a funding reserve of $2.3 billion. Visit the Valuation page for the full announcement.

Sign up now for May 2 webinar on Plan’s annual performance

The CAAT Pension Plan’s latest annual report will be released by the end of April. You can catch all the highlights of the Plan’s 2018 annual performance at a noontime webinar on Thursday, May 2.

Increasing benefit security through membership growth and diversity

Benefit security is the CAAT Plan’s main priority and a key area of focus for the Plan’s governors. Building reserves and diversifying Plan membership are some of the ways the Plan manages risk to stay strong and relevant for current and future members. Read about growth and benefit security.

Plan for retirement with your Annual Statement

Your Annual Statement is a powerful resource that can help you plan for retirement. Your personalized statement displays the pension you earned in the CAAT Pension Plan up to December 31 of the previous year. Plan for retirement using your annual statement.

Get the most out of your DBplus pension with a purchase

If you work part time or on contract, you are earning your pension under the DBplus design as of January 1, 2019. Starting in April, you have the option to make a pension purchase to increase your income in retirement. Learn about DBplus pension purchases.

A collective focus on benefit security through joint governance

Employers and employees have an equal voice in the Plan’s decisions through their representatives on the Board of Trustees and the Sponsors’ Committee. This governance structure balances different perspectives and interests. Meet the Plan's newest governors.

Pension sessions just for you

Did you know? The CAAT Pension Plan offers a variety of pension sessions to suit the needs of all members. Find the session that's right for you.

Member survey findings show CAAT pensions are valued, Plan is trusted

Findings from the latest annual surveys of active and retired members show that members continue to value their pensions highly and hold trust in the Plan’s expertise and joint governance. See the findings from the latest annual survey.