WHAT EMPLOYESS GET
Inflation adjustments
Protecting you against inflation
The DBplus plan design by CAAT Pension Plan provides two types of protection against inflation to enhance the value of your pension before and in retirement, conditional on the financial health of the Plan.
While you are working
While you are working, the pension you have built in DBplus will receive annual enhancements based on the year-over-year increase in the Average Industrial Wage (AIW) in Canada, conditional on the funded status of the CAAT Plan.
After you retire
Once you retire, annual inflation protection increases of 75% of the year-over-year change in the average Consumer Price Index will be applied to your pension, conditional on the funded status of the Plan.
The pension for a surviving spouse receives the same inflation protection increases as member pensions.
Conditional enhancements are prescribed in the CAAT Plan Funding Policy
Conditional benefits, including inflation and AIW enhancements, are made when the Plan’s funded status permits. This design helps the Plan manage through periods of volatility and considers intergenerational equity, a Plan principle together with benefit security.
More valuable features for members
Let’s build financial security together
CAAT’s fully managed retirement programs are designed with lifetime income and institutional support at their core. Whether you are looking to evolve your DC plan offering or eliminate the drawdown or decumulation burden altogether, we can help you explore what is possible.