In this edition
Updates and reminders
Account information change for EFTs
Read this if: you currently remit contributions using EFT or would like to start using EFT
Please be advised to use the new bank account to send contribution remittances through electronic fund transfers (EFT). The new account information was provided in an email sent from the CAAT Pension Plan on June 16.
Please use the new account information by October 1, 2021.
If you have any questions, please contact your Employer PA.
Members’ Annual Statements—distribution almost complete!
What a difference a year makes! We are pleased to return to a more normal schedule for distributing member Annual Statements. Thank you to all employers for your data submissions and hard work to make this possible.
The majority of members received their Annual Statement by the end of May, and the remainder will be mailed by June 30.
- Active members
- 96% of Annual Statements have been mailed to active members
- The remainder will be mailed by June 30
- Employers that have access to PAL will be able to view their member Annual Statements electronically
- Members on Extension of Membership (EOM)
- Annual Statements will be mailed by June 30
- Retired and deferred members
- Annual Statement mailings are complete
- If your pension is serviced by an Administration Partner
- Active and EOM member Annual Statements have been mailed
- Retired and deferred member Annual Statements will be mailed by June 30
Monthly contribution remittances - please provide forms
Please ensure to use the forms when completing your monthly contribution remittances. The most up-to-date forms are available in the Employer Manual.
Important reminder: Please do not submit any other forms for remitting contributions. Only submit the appropriate form(s) listed above.
Thank you for using the 34A and 14C forms when completing your contribution remittances.
Review and finalize your 2020 DCT contribution reconciliations
We are in the process of sending the 2020 DCT contribution reconciliations to all employers.
Please review your final reconciliations for 2020 and finalize them with the finance department at CAAT. If you have yet to reconcile your 2019 invoices, please reconcile and finalize them as soon as possible.
June 30 retirements – thank you for sending in applications
Read this if: you’re in the Ontario College sector or expect a large amount of June 30 retirements
We received 165 retirement applications for members who will be retiring as of June 30. The deadline for June 30 retirement applications was June 14.
Thank you for sending these applications early so we can ensure these members are set up for their first pension payment on July 1.
Annual Surveys
The Active Member Survey opens this week!
Your opinion matters! Keep an eye on your inbox in the coming days for the Annual Member Survey for active members.
We value all feedback from our members, so please encourage your members to participate in this year’s survey. Members will receive a link via email to the survey.
Employers without member-direct services: If you receive an email to pass along to your members, please forward it to them promptly so all Plan members have enough time to fill out the survey. If you would like to implement member-direct services from the Plan, please contact your Employer PA to get started.
The Retired Member Survey will be sent in July
In late July, retired members will receive a NewsLink email from CAAT to ask them to share their opinions through the annual Retired Member Survey.
Retired members will receive a postcard in the mail in advance to make sure they look out for the email with the survey link.
The Employer Opinion Survey is coming soon
We will be sending out the Annual Employer Survey in mid-July.
Your opinions are important to us and will be considered as we measure our success against key performance indicators and determine our areas of focus for improvement. You will have a month to complete the survey as it will close mid-August.
Look out for the Annual Employer Survey link coming to your inbox next month.
Upcoming events
Block your calendar for the upcoming events:
- July 8 at 10:00 am ET (DBprime and DBplus employers) – Employer Education Session – Enrolment of Plan Members and Eligibility
- July 8 at 1:00 pm ET (DBplus-only employers) – Employer Education Session – Enrolment of Plan Members and Eligibility
You will receive an invitation for any webinars approximately two weeks in advance.
Webinars show members the value of their pension
We're already booking webinars for the summer and fall of 2021.
Schedule a webinar for your members on topics ranging from:
- Plan Overview
- Pension Purchases
- Retirement Planning
To book a webinar for your members, contact us at presentations@caatpension.ca.
If you don't currently have an employer-specific webinar booked, please direct your members to register for an all-member webinar on the Attend a member presentation page.
Strong, Secure and Sustainable
CAAT 2020 Year in Review and Annual Report is available
CAAT was well positioned entering the pandemic and continues to grow stronger. The 2020 Year in Review highlights how long-term planning and a dedicated team contributed to greater benefit security for Plan members.
Explore CAAT’s 2020 highlights and Annual Report