An overview of CAAT’s optional savings account for Plan members.
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GROWTHplus Investment Account is an optional savings account for CAAT Pension Plan members to grow their tax-sheltered savings and benefit from CAAT’s investment returns. With GROWTHplus, Plan members can build their savings together with the secure lifetime pension they have with CAAT.
It is all part of our commitment to meet the evolving needs of our Plan members.
GROWTHplus is in addition to a member’s secure lifetime pension paid by CAAT. It does not replace or change the pension members earn or receive today.
GROWTHplus is an additional savings option for CAAT members, allowing them to benefit from CAAT’s investment returns. There is no need for additional contributions from participating employers.
As a CAAT participating employer, your employees participate in a modern defined benefit pension plan. GROWTHplus is an add-on that gives Plan members the option to grow additional tax-sheltered savings and benefit from CAAT’s investment returns. With GROWTHplus, members can grow their savings together with the secure lifetime pension they have with CAAT.
CAAT works directly with members who wish to participate in GROWTHplus – members can transfer-in funds directly through the online My Pension portal, or by submitting a form when they contact CAAT.
GROWTHplus is a member-focused offering and there is no need for additional contributions from you as a participating CAAT employer. At launch, eligible Plan members can transfer-in their tax-sheltered savings from eligible registered retirement savings vehicles. As future capabilities are developed, employers will be able to choose, at their discretion, to offer GROWTHplus deposit options for their employees via payroll deduction.
For additional inquiries about GROWTHplus, please send us an email at employer@caatpension.ca and a member of our team will connect with you.