Toronto, December 15, 2021 – The National Association of Federal Retirees (Federal Retirees), an organization dedicated to protecting the pensions and benefits of its members across Canada, joined the CAAT Pension Plan under DBplus on behalf of their employees.
DBplus allows Federal Retirees to give employees secure, predictable lifetime retirement income at fixed contribution rates, without the high cost and administrative duties of managing their own plan. As of October 22, 2021, Federal Retirees employees have been enjoying the attraction and retention benefits of a high-performing, industry-leading defined benefit pension.
“It is only fitting that the employees of the National Association of Federal Retirees, who work so diligently to protect the defined benefit pension plans of all our members, should benefit themselves from the lifetime security of a defined benefit pension plan,” said Jean-Guy Soulière, President at Federal Retirees.
Federal Retirees represents members from a variety of pension plans, along with their partners and survivors. Since 1963, Federal Retirees has been promoting retirees’ financial security, health and well-being. The organization has a proud history of protecting pensioners’ interests, seeking improvements to benefits and participating in the development of social policies for all seniors.
“Our employees are delighted to join DBplus and to benefit from the security of such a well-run pension plan. It’s certainly a legacy contribution from my predecessor that I am only too happy to complete on behalf of our deserving staff,” said Anthony Pizzino, CEO at Federal Retirees.
“CAAT is proud to help Federal Retirees extend the valuable benefits of DBplus to their employees,” said Derek Dobson, CEO and Plan Manager at CAAT Pension Plan. “They work hard to advocate for their members, and we will continue to work hard to provide them with the secure, predictable lifetime retirement income that they, and all Canadians, deserve.”
Federal Retirees joins other notable CAAT participating employers, such as Brink’s Canada, Sanofi Pasteur, The Conference Board of Canada, Torstar, University of Saskatchewan, Vancouver Foundation, and the Ontario Dental Association.
As of January 1, 2021, the CAAT Plan has $15.8 billion in assets and last year earned an 11.1% rate of return net of investment management fees. The Plan’s annualized 10-year net rate of return is 9.9%.
About CAAT Pension Plan:
Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers two designs of a defined benefit pension. CAAT's award-winning DBplus plan is leading an extraordinary pace of growth for the Plan. Originally created to support the Ontario college system, the CAAT Plan now proudly serves more than 200 participating employers in 11 industries including the for-profit, nonprofit, and broader public sectors. Currently, it has over 74,000 active and retired members. The CAAT Plan is respected for its pension and investment management expertise and focus on stability and benefit security. At January 1, 2021, the Plan was 119% funded on a going-concern basis. Learn more at: www.caatpension.ca.
About Federal Retirees
The National Association of Federal Retirees is the largest national advocacy organization representing active and retired members of the federal public service, Canadian Armed Forces, Royal Canadian Mounted Police (RCMP) and retired federally appointed judges, as well as their partners and survivors. With close to 170,000 members, including more than 60,000 veterans and their families, Federal Retirees has been advocating for improvements to the financial security, health and well-being of their members and all Canadians since 1963.
For more information:
Media Relations
CAAT Pension Plan
media@caatpension.ca