Annual lifetime pension
Annual lifetime purchased pension
Total annual lifetime pension
Monthly lifetime pension
Monthly lifetime purchased pension
Total monthly lifetime pension
Projected to age NN
This is the amount that would be payable to you at the retirement date shown above, for life.
Your total annual lifetime pension is estimated to be: $NN,NNN
DBplus base pension: $NN,NNN
DBplus AIW increase: $NN,NNN (applies to DBplus base pension and DBplus pension purchase, as applicable, conditional on funded status of CAAT Pension Plan).
Total: $NN,NNN
Reduction
The pension from DBplus will be reduced because you have selected a retirement date before you would reach age 65.
The DBplus early start adjustment is between 3% and 5% per year you are under age 65 (based on the CAAT Pension Plan’s Funding Policy). Currently the early start adjustment is set at 3% per year.
Total reduction
DBplus: NN%
The DBplus reduction is applied to your total pension and is permanent.
Graphs
The “Annual Pension” graph shows the estimated total annual pension
- DBplus base pension: This is the amount earned from the enrolment date to the selected retirement date. It is calculated using the pension formula: APF x (member contributions + employer contributions)
- AIW Enhancement: Your total pension increases each year you work, based on the Average Industrial Wage (AIW) index. The AIW Enhancement is applied to the total pension you accrued to the end of the previous year. The AIW enhancement is conditional on the funded status of the CAAT Pension Plan and starts in year two of membership in the CAAT Pension Plan, and is cumulative. It is not applied in the year of retirement.
The “Value Comparison” graph illustrates the value of the estimated pension earned in DBplus
- The graph illustrates the value of the pension you could earn under the CAAT Pension Plan. It is based on your total contributions compared to the cumulative value of the DBplus portion of your pension payment estimated to be paid to age 90. Click on "Show the value of my pension" to display the graph
- Member contributions: Based on the earnings you input, the graph shows your contributions in DBplus.
- Total lifetime DBplus pension payments: This graph shows the cumulative value of your pension payments (the annual pension shown in the “Annual Pension” graph). Your total annual pension is made up of the DBplus base pension, plus AIW enhancement while you were working. In retirement, you pension will continue to grow with inflation protection enhancements. In addition, your pension includes survivor benefits, payable to your eligible surviving spouse for their lifetime. DBplus members see excellent value for their contributions.
To generate the "Value Comparison" graph, the DBplus Estimator makes the following assumptions:
- That you start your DBplus pension at age 65. Note that you can choose a different age in the “Calculation assumptions” panel.
- That your DBplus pension is paid to age 90. However, your actual pension is paid to you for your life, no matter how long you live: age 90 is shown for illustration purposes only.
- That a DBplus survivor pension is paid for three years. However, the actual survivor pension would be paid to your eligible surviving spouse no matter how long they live.
DBplus purchases
This estimator does not validate that the funds you input for the purposes of the purchase estimate are eligible for purchase.
If you enter a purchase amount in the “Calculation assumptions” panel, you can see the resulting DBplus pension in the “Annual pension” graph, and the impact to the value of your DBplus pension in the “Value Comparison” graph.
To see the impact of the purchase lifetime pension, click the “Show purchased pension plus lifetime pension” button.
How your DBplus pension is calculated
How to read this table
This table shows the total DBplus pension earned at the end of each year of membership. Each row shows information specific to the year in Column "A". The first year shown is the current year, or the year of enrolment, if you entered a different date.
- Column “A”: The year in which the DBplus pension was earned.
- Column “B”: Your earnings for the year, on which your DBplus contributions are calculated.
- Column “C”: Your DBplus contributions for the year (including any purchase, if relevant) calculated as a percentage of the earnings in column “B”. Note that in the line for the year NN, the contributions include your estimated purchase amount of $nn,nnn.
- Column “D”: The DBplus base pension earned in the year.
- Column “E”: The estimated AIW enhancement applicable for the total pension at the end of the year. It applies to the current year’s DBplus base pension, and the total DBplus pension accrued to the end of the previous year (in column “F”, one line above). The AIW enhancement, if applicable, starts the year after the first year of membership in the CAAT Pension Plan).
- Column “F”: The total lifetime DBplus pension accrued at the end of the year. The value in column “F” is equal to: column “D” + column “E” + previous year’s column “F”.
- Your total lifetime DBplus pension at the end of any year is the amount in column “F”.
To see the total DBplus pension at retirement, refer to the last row in column “F”, which shows the annual DBplus pension on that retirement date. (Note that if you retire before age 65, the DBplus pension would be reduced, to reflect the fact that you are receiving it for longer. The chart does not consider any reduction that could be applied.)
| A: Year |
B: Earnings |
C: Contributions |
D: DBplus base pension earned in the year |
E: Current AIW Enhancement (applicable to each year’s accrual) |
F: Total pension accrued to the end of each year |
| $NN,NNN |
$NN,NNN |
$NN,NNN |
$NN,NNN |
$NN,NNN |
| $NN,NNN |
$NN,NNN |
$NN,NNN |
$NN,NNN |
$NN,NNN |
Data you entered
Date of birth: YYYY-MM-DD
Annual Earnings: $NN,NNN
Date of Enrolment: YYYY-MM-DD
Annual Statement Year: NN
DBplus pension: NN
Assumptions
Pension Plan Assumptions
Retirement age: NN
Spouse: Yes
Employment Assumptions
Your Employer: Employer Name Selected
Enrolment date: YYYY-MMM-DD
Earnings Increase: NN%
Contribution rate: NN%
Pension Plan Assumptions
Early Retirement Reduction – applies to your DBplus pension: 3%
AIW rate – applies to your DBplus pension:
NN%
Annual Pension Factor:
8.5% for pension earned before January 1, 2025 and 9.5% for pension earned on and after January 1, 2025.
9.5%
Projected post-retirement inflation protection – applies to your DBplus pension: NN%
Future (projected) values and assumptions are not guarantees. They are used for projection purposes only. Refer to Projections, Assumptions, and Limitations in “Help” for more.
Projections, Assumptions, and Limitations
To calculate your estimated future DBplus pension, the DBplus Estimator makes projections based on the data you entered and the assumptions described in “Projections, Assumptions, and Limitations” under the “Help” menu. Results are not reviewed or verified by the CAAT Pension Plan or your employer.
Your pension estimates (including any purchase estimates) are based on the current DBplus pension formula, and the data you entered.
Please note that every effort has been made to confirm the accuracy of these estimates, the correctness of the underlying data and the reasonableness of the assumptions used. However, the estimates provided to you are strictly for illustrative purposes and we reserve the right to correct errors at any time. The estimates are based in part on future assumptions (e.g. future earnings) and do not provide a guarantee of your pension entitlements in the future, which may change based on actual experience or changes to the data if incorrect.
For further explanations and definitions, click the “Help” button.
All amounts shown are gross.
Projected to age NN
This is the amount that would be payable to you at the retirement date shown above, for life.
Your total annual purchased lifetime pension is estimated to be: $NN,NNN
DBplus pension purchase:$NN,NNN
DBplus AIW increase: $NN,NNN (conditional on funded status of CAAT Pension Plan).
Total: $NN,NNN
Reduction
The pension from DBplus will be reduced you have selected a retirement date before you would reach age 65.
The DBplus early start adjustment is between 3% and 5% per year you are under age 65 (based on the CAAT Pension Plan’s Funding Policy). Currently the early start adjustment is set at 3% per year.
Total reduction
DBplus: NN%
The DBplus reduction is applied to your total pension and is permanent.
Reduction
The pension from DBplus will be reduced because DBplus does not include an early unreduced component.
The DBplus early start adjustment is between 3% and 5% per year you are under age 65 (based on the CAAT Pension Plan’s Funding Policy). Currently the early start adjustment is set at 3% per year.
Total reduction
DBplus: NN%
The DBplus reduction is applied to the portion of your pension earned under DBplus (starting October 1, 2019).
Graphs
The “Annual Pension” graph shows the estimated total annual pension
- DBplus pension purchase: This is the amount of pension based on the purchase contribution you entered.
- AIW Enhancement: Your total pension increases each year you work, based on the Average Industrial Wage (AIW) index. The AIW Enhancement is applied to the purchased pension. The AIW enhancement is conditional on the funded status of the CAAT Pension Plan and starts in year two of membership in the CAAT Pension Plan, and is cumulative. It is not applied in the year of retirement.
The “Value Comparison” graph illustrates the value of the estimated pension earned in DBplus
- The graph illustrates the value of the pension you could purchase under the CAAT Pension Plan. It is based on your purchased pension compared to the cumulative value of the DBplus purchased pension estimated to be paid to age 90. Click on "Show the value of my pension" to display the graph.
- Member contributions: Based on the amount you input for the pension purchase only.
- Total lifetime DBplus pension payments: This graph shows the cumulative value of your pension payments (the purchased pension shown in the “Annual Pension” graph). Your total annual pension is made up of the DBplus pension purchase, plus AIW enhancement while you were working. In retirement, your pension will continue to grow with inflation protection enhancements. In addition, your pension includes survivor benefits, payable to your eligible surviving spouse for their lifetime. DBplus members see excellent value for their contributions.
To generate the "Value Comparison" graph, the DBplus Estimator makes the following assumptions:
- That you start your DBplus pension at age 65. Note that you can choose a different age in the “Calculation assumptions” panel.
- That your DBplus pension is paid to age 90. However, your actual pension is paid to you for your life, no matter how long you live: age 90 is shown for illustration purposes only.
- That a DBplus survivor pension is paid for three years. However, the actual survivor pension would be paid to your eligible surviving spouse no matter how long they live.”
DBplus pension purchases
This estimator does not validate that the funds you input for the purposes of the purchase estimate are eligible for purchase.
If you enter a purchase amount in the “Calculation assumptions” panel, you can see the resulting DBplus pension in the “Annual pension” graph, and the impact to the value of your DBplus pension in the “Value Comparison” graph.
Data you entered
Date of birth: YYYY-MM-DD
Annual Earnings: $NN,NNN
Date of Enrolment: YYYY-MM-DD
Annual Statement Year: NN
DBplus pension: NN
Assumptions
Pension Plan assumptions
Retirement age: NN
Spouse: Yes
DBplus pension purchase
Purchase amount: $NN,NNN
Date of purchase: YYYY-MMM-DD
Purchase adjustment factor: NN%
This amount depends on your years from normal retirement date (age 65) at the date of the purchase. If you make your purchase when you are more than 25 years from your normal retirement date the adjustment factor is 100%, (i.e. the purchased benefit is equal to the applicable Annual Pension Factor, multiplied by the purchase amount). If you are less than 25 years from your normal retirement date, the 100% adjustment is decreased by 1.4% per year, calculated on a day-by-day basis, reducing the purchased benefit.
Employment assumptions
Your Employer: Employer Name Selected
Enrolment date: YYYY-MMM-DD
Earnings Increase: NN%
Contribution rate: NN%
Pension Plan Assumptions
Early Retirement Reduction – applies to your DBplus pension: 3%
AIW rate – applies to your DBplus pension:
NN%
Annual Pension Factor:
8.5% for pension earned before January 1, 2025 and 9.5% for pension earned on and after January 1, 2025.
9.5%
Projected post-retirement inflation protection – applies to your DBplus pension: NN%
Future (projected) values and assumptions are not guarantees. They are used for projection purposes only. Refer to Projections, Assumptions, and Limitations in “Help” for more.
Projections, assumptions, and limitations
To calculate your estimated future DBplus purchased pension, the DBplus Estimator makes projections based on the data you entered and the assumptions described in “Projections, Assumptions, and Limitations” under the “Help” menu. Results are not reviewed or verified by the CAAT Pension Plan or your employer.
Your purchase estimates are based on the current DBplus pension formula, and the data you entered.
Please note that every effort has been made to confirm the accuracy of these estimates, the correctness of the underlying data and the reasonableness of the assumptions used. However, the estimates provided to you are strictly for illustrative purposes and we reserve the right to correct errors at any time. The estimates are based in part on future assumptions (e.g. future earnings) and do not provide a guarantee of your pension entitlements in the future, which may change based on actual experience or changes to the data if incorrect.
For further explanations and definitions, click the “Help” button.
All amounts shown are gross.
Projected to age NN
This is the amount that would be payable to you at the retirement date shown above, for life.
Your total annual lifetime pension, including purchases, is estimated to be: $NN,NNN
DBplus base pension: $NN,NNN
DBplus pension purchase:$NN,NNN
DBplus AIW increase: $NN,NNN (applies to DBplus base and DBplus pension purchase, as applicable, conditional on funded status of CAAT Pension Plan).
Total: $NN,NNN
Reduction
The pension from DBplus will be reduced because you have selected a retirement date before you would reach age 65.
The DBplus early start adjustment is between 3% and 5% per year you are under age 65 (based on the CAAT Pension Plan’s Funding Policy). Currently the early start adjustment is set at 3% per year.
Total reduction
DBplus: NN%
The DBplus reduction is applied to your total pension and is permanent.
Graphs
The “Annual Pension” graph shows the estimated total annual pension
- DBplus base pension: This is the amount earned from the enrolment date to the selected retirement date. It is calculated using the pension formula: APF x (member contributions + employer contributions)
- AIW Enhancement: Your total pension increases each year you work, based on the Average Industrial Wage (AIW) index. The AIW Enhancement is applied to the total pension you accrued to the end of the previous year. The AIW enhancement is conditional on the funded status of the CAAT Pension Plan and starts in year two of membership in the CAAT Pension Plan, and is cumulative. It is not applied in the year of retirement.
- DBplus pension purchase: This is the amount of pension based on the purchase contribution you entered.
- AIW Enhancement: Your total pension increases each year you work, based on the Average Industrial Wage (AIW) index. The AIW Enhancement is applied to the purchased pension. The AIW enhancement is conditional on the funded status of the CAAT Pension Plan and starts in year two of membership in the CAAT Pension Plan, and is cumulative. It is not applied in the year of retirement.
The “Value Comparison” graph illustrates the value of the estimated pension earned in DBplus
- The graph illustrates the value of the pension you could purchase under the CAAT Pension Plan. It is based on your purchased pension compared to the cumulative value of the DBplus purchased pension estimated to be paid to age 90. Click on "Show the value of my pension" to display the graph.
- Member contributions: Based on the amount you input for the pension purchase only.
- Total lifetime DBplus pension payments: This graph shows the cumulative value of your pension payments (the purchased pension shown in the “Annual Pension” graph). Your total annual pension is made up of the DBplus pension purchase, plus AIW enhancement while you were working. In retirement, your pension will continue to grow with inflation protection enhancements. In addition, your pension includes survivor benefits, payable to your eligible surviving spouse for their lifetime. DBplus members see excellent value for their contributions.
To generate the "Value Comparison" graph, the DBplus Estimator makes the following assumptions:
- That you start your DBplus pension at age 65. Note that you can choose a different age in the “Calculation assumptions” panel.
- That your DBplus pension is paid to age 90. However, your actual pension is paid to you for your life, no matter how long you live: age 90 is shown for illustration purposes only.
- That a DBplus survivor pension is paid for three years. However, the actual survivor pension would be paid to your eligible surviving spouse no matter how long they live.”
DBplus pension purchases
This estimator does not validate that the funds you input for the purposes of the purchase estimate are eligible for purchase.
If you enter a purchase amount in the “Calculation assumptions” panel, you can see the resulting DBplus pension in the “Annual pension” graph, and the impact to the value of your DBplus pension in the “Value Comparison” graph.
How your DBplus pension is calculated
How to read this table
This table shows the total DBplus pension earned at the end of each year of membership. Each row shows information specific to the year in Column "A". The first year shown is the current year, or the year of enrolment, if you entered a different date.
- Column “A”: The year in which the DBplus pension was earned.
- Column “B”: Your earnings for the year, on which your DBplus contributions are calculated.
- Column “C”: Your DBplus contributions for the year (including any purchase, if relevant) calculated as a percentage of the earnings in column “B”. Note that in the line for the year NN, the contributions include your estimated purchase amount of $nn,nnn.
- Column “D”: The DBplus base pension earned in the year.
- Column “E”: The estimated AIW enhancement applicable for the total pension at the end of the year. It applies to the current year’s DBplus base pension, and the total DBplus pension accrued to the end of the previous year (in column “F”, one line above). The AIW enhancement, if applicable, starts the year after the first year of membership in the CAAT Pension Plan).
- Column “F”: The total lifetime DBplus pension accrued at the end of the year. The value in column “F” is equal to: column “D” + column “E” + previous year’s column “F”.
- Your total lifetime DBplus pension at the end of any year is the amount in column “F”.
To see the total DBplus pension at retirement, refer to the last row in column “F”, which shows the annual DBplus pension on that retirement date. (Note that if you retire before age 65, the DBplus pension would be reduced, to reflect the fact that you are receiving it for longer. The chart does not consider any reduction that could be applied.)
| A: Year |
B: Earnings |
C: Contributions |
D: DBplus base pension earned in the year |
E: Current AIW Enhancement (applicable to each year’s accrual) |
F: Total pension accrued to the end of each year |
| $NN,NNN |
$NN,NNN |
$NN,NNN |
$NN,NNN |
$NN,NNN |
| $NN,NNN |
$NN,NNN |
$NN,NNN |
$NN,NNN |
$NN,NNN |
Data you entered
Date of birth: YYYY-MM-DD
Annual Earnings: $NN,NNN
Date of Enrolment: YYYY-MM-DD
Annual Statement Year: NN
DBplus pension: NN
Assumptions
Pension Plan assumptions
Retirement age: NN
Spouse: Yes
DBplus pension purchase
Purchase amount: $NN,NNN
Date of purchase: YYYY-MMM-DD
Purchase adjustment factor: NN%
This amount depends on your years from normal retirement date (age 65) at the date of the purchase. If you make your purchase when you are more than 25 years from your normal retirement date the adjustment factor is 100%, (i.e. the purchased benefit is equal to the applicable Annual Pension Factor, multiplied by the purchase amount). If you are less than 25 years from your normal retirement date, the 100% adjustment is decreased by 1.4% per year, calculated on a day-by-day basis, reducing the purchased benefit.
Employment assumptions
Your Employer: Employer Name Selected
Enrolment date: YYYY-MMM-DD
Earnings Increase: NN%
Contribution rate: NN%
Pension Plan Assumptions
Early Retirement Reduction – applies to your DBplus pension: 3%
AIW rate – applies to your DBplus pension:
NN%
Annual Pension Factor:
8.5% for pension earned before January 1, 2025 and 9.5% for pension earned on and after January 1, 2025.
9.5%
Projected post-retirement inflation protection – applies to your DBplus pension: NN%
Future (projected) values and assumptions are not guarantees. They are used for projection purposes only. Refer to Projections, Assumptions, and Limitations in “Help” for more.
Projections, assumptions, and limitations
To calculate your estimated future DBplus pension, the DBplus Estimator makes projections based on the data you entered and the assumptions described in “Projections, Assumptions, and Limitations” under the “Help” menu. Results are not reviewed or verified by the CAAT Pension Plan or your employer.
Your purchase estimates are based on the current DBplus pension formula, and the data you entered.
Please note that every effort has been made to confirm the accuracy of these estimates, the correctness of the underlying data and the reasonableness of the assumptions used. However, the estimates provided to you are strictly for illustrative purposes and we reserve the right to correct errors at any time. The estimates are based in part on future assumptions (e.g. future earnings) and do not provide a guarantee of your pension entitlements in the future, which may change based on actual experience or changes to the data if incorrect.
For further explanations and definitions, click the “Help” button.
All amounts shown are gross.