Your Retired Member Annual Statement is an important personalized pension resource. Your Statement is sent each year by mail to your home address. Please review this document and store it in a safe place.
Your Retired Member Statement
When you receive your Annual Statement this spring, please review it to verify your pension amount, see the amount of inflation protection applied to your pension, and see the beneficiary information we have on file. If you need to update your personal information, such as a new address, you can use the Change Request form included in the December newsletter.
The annual statement also contains the annual Pension Payment Confirmation form. This form can be found at page 7 of your Annual Statement, with instructions for completing it on page 6.
Your immediate action is required! Please detach the Pension Payment Confirmation form, complete it, and return it to the CAAT Pension Plan by the deadline indicated on the form. This way, you can ensure that your pension payments will not be interrupted. You will also confirm some basic information we have on file to help us make sure our records are accurate. If we do not receive your confirmation by the deadline, we may be required to suspend your pension payments until we receive confirmation.
2017 Pension Payment Confirmation Form
You must send in your Pension Payment Confirmation Form by May 31, 2017. The pension confirmation is an annual process that ensures payments are made correctly to eligible recipients and is an important part of the Plan’s fiduciary duty.
What you have to do
By following these 3 steps you’ll help us keep our records up to date and your pension payments on track.
- Review your Retired Member Annual Statement carefully to make sure the information matches your records.
- Carefully detach the back cover of your Statement and complete and sign the Pension Payment Confirmation form.
- Return the completed form to the CAAT Pension Plan before the deadline using the self-addressed, postage-paid envelope included with your Statement package.
Why confirm your pension?
Returning your completed form to the CAAT Plan allows you (or the holder of your Power of Attorney) to confirm some of the basic information we have on file. It helps us maintain the accuracy and currency of our records. Your prompt response will also ensure that you will not experience any interruptions in your pension payments. If we do not have your confirmation, we may need to suspend your pension payments until we receive confirmation. This is part of our responsibility to pay pensions to only those entitled to receive them.
Have questions about Power of Attorney?
Power of Attorney is a legal document that gives the holder (referred to as the Attorney) the authority to act on your behalf in matters relating to your property or personal care. Read this section of our website to learn more about Power of Attorney and the pension confirmation process.
You will be able to see your monthly pension payment for the current and previous year. You’ll also see a breakdown of each payment, including your bridge benefit (if you are receiving one), along with your income tax payments and any other deductions you may have.
Please note that the income tax shown is based on the rates in effect the year before the Statement was issued. The current year’s rates are applied starting in February.
While you’re reviewing your Statement, be sure to check page 4, where we’ve listed the name of your spouse we have in our records. If you need to update us on any of the information on your Statement, please use the Retired Member Change Request form in your December 2016 newsletter package to send us your updates.