As of Sept. 1, 2019, all current, active members of the Non Academic Pension Plan joined the Colleges of Applied Arts and Technologies (CAAT) DBplus pension plan. New, eligible CUPE 1975 members will be enroled immediately in the CAAT DBplus pension plan with no waiting period.
CAAT DBplus members can rely on a lifetime pension based on earnings that removes the need to worry about complex investments, market downturns, or outliving their savings. DBplus offers valuable features, such as predictable, lifetime income in retirement, inflation protection and survivor benefits.
Members of the University of Saskatchewan and Federated Colleges Non Academic Pension Plan joined the CAAT Pension Plan’s DBplus design on September 1, 2019.
When you become a member, contributions will be deducted from your earnings* and matched by the University of Saskatchewan dollar for dollar.
|Employee Contributions||USask Contributions|
|Sept. 1, 2019 – Dec. 31, 2020||7.0%||7.0%|
|Jan. 1 2021 – after||7.5%||7.5%|
While you’re working, your DBplus pension receives conditional Average Industrial Wage (AIW) enhancements that help keep your pension in line with wage inflation. Conditional inflation protection increases in retirement help your DBplus pension maintain its purchasing power.
About the Plan
The CAAT Pension Plan is a multi-employer defined benefit pension plan that offers a secure pension to its members.
Founded in 1967, the CAAT Pension Plan has been delivering secure lifetime pensions to members who work for employers operating within the Ontario college system. In recent years, the Plan has expanded its membership outside of the college system, and now offers a secure, defined benefit pension to over 55,000 members across Canada from over 55 participating employers.
Investing for your future
Members can enjoy peace of mind in knowing that their pension is safe and secure by being part of a fully funded, sustainable pension plan.
The CAAT Pension Plan’s investment program is designed to generate enough long-term returns with a level of risk that is appropriate for the Plan to meet its key objectives. The pension fund consists of well-diversified assets that are invested in a prudent and skillful manner to help ensure the payment of promised pensions for years to come.
The Plan undergoes regular actuarial valuations to measure its financial health, and the Plan’s governors rely on a comprehensive Funding Policy to help guide the decisions that affect the pension fund. The Funding Policy highlights the long-term focus of protecting promised pension benefits. It defines six funding levels, and the funding controls available to the Plan’s governors at each of those levels.
The CAAT Pension Plan is independent, jointly governed, and fully funded.
The CAAT Pension Plan's success is rooted in leading expertise, rigorous risk management and strong governance.
The CAAT Plan is a Modern Defined Benefit Pension Plan with 50/50 cost-sharing by members and employers. Decisions about benefits, contributions, and investment risk are also shared equally.
CAAT DBplus Pension Plan
250 Yonge Street
Suite 2900, P.O. Box 40
Toronto, ON M5B 2L7