If you are under 65 and retired, you are receiving a bridge benefit along with your lifetime pension payments.
The CAAT Plan bridge benefit was originally designed to “bridge” the gap between retiring early and starting CPP at age 65. You can start CPP any time after age 60, with no impact on the payment of the bridge: the bridge continues to be paid until you turn 65.
If your early retirement pension is reduced, the bridge benefit is reduced by the same factor.
When your pension receives increases due to inflation protection, your bridge receives an increase by the same factor.
Remember that your bridge benefit ends with your 65th birthday. Shortly before you turn 65 you’ll receive a letter from the CAAT Pension Plan to remind you that your bridge benefit, and any inflation protection adjustments added to it, will stop the month after your 65th birthday.