Why didn’t my pension increase by the rate announced last year?
There are several reasons why your pension did not increase or why your increase is different from the published rate.
- If you earned your pension under DBprime and retired during the previous year, the increase applied to your pension is pro-rated, and applies only to the months you collected your pension.
- If your employer joined CAAT through a merger, the inflation protection you earned under your prior pension plan may be calculated differently. Review the documents you received as part of the merger process for details.
- If some or all of your pension was earned before 1992, inflation protection for that period is considered on an ad-hoc basis only when the Plan’s funding levels permit.
Each year, retired members (and those receiving a survivor pension) receive a letter indicating the amount, if any, of inflation protection added to their pension. If you have access to My Pension, log in to view your pension amount. If you have not yet activated My Pension, visit the log in page to learn more.