Toronto, August 31, 2022 - The OPSEU Joint Trusteed Benefit Fund (‘OJTBF’), a not-for-profit insurance advisor that offers group benefits to non-profit organizations, has joined the CAAT Pension Plan.
Joining CAAT allows OJTBF to provide employees a secure, predictable lifetime retirement income without the risks, cost and administrative duties of managing their own plan. With CAAT, employees build a stable financial foundation to help them reach their retirement goals and forget about complex investment decisions, market downturns, or outliving their savings.
“Staff at OJTBF see firsthand the incredible work that our non-profit partners do every day on the frontlines supporting those in need in the community,” said Robert Miller, Sales and Marketing Manager at OJTBF. “OJTBF chose the CAAT Pension Plan to ensure that our valued employees can build a solid and sustainable retirement foundation while never losing sight of why we exist – which is to further the causes of those we insure.”
“We’re pleased to welcome OJTBF to the Plan. Like CAAT, they see first-hand that promoting employee well-being and financial security is a powerful retention and recruitment tool,” added Derek Dobson, CEO and Plan Manager, CAAT Pension Plan. “Not only is OJTBF supporting employees’ financial wellness and helping them achieve their retirement goals with less stress, providing a CAAT pension will help them attract and keep valuable talent to continue driving social good in the community.”
OJTBF joins other notable CAAT participating employers like 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, 2022, the CAAT Plan had $18 billion in assets, $4.4 billion in reserves, and an annualized 10-year net rate of return of over 11%.
About CAAT Pension Plan:
Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers two highly desirable designs of a defined benefit pension. CAAT's award-winning DBplus plan design 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 330 participating employers in 16 industries including the for-profit, nonprofit, and broader public sectors. It currently has more than 88,600 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, 2022, the Plan was 124% funded on a going-concern basis.
Learn more at: www.caatpension.ca.
About OJTBF
OJTBF is a non-profit group insurance advisor, providing employee benefit solutions to fellow non-profits from across Canada for over 25 years. By banding their partners together at one insurance company, they collectively form a large buying group capable of offering industry-leading carrier expenses and breakeven pricing. Their non-profit model reduces expenses and channels more of each premium dollar back into their group plans, while rewarding their plan members with a better benefits plan at a lower cost.
For more information:
Media Relations
CAAT Pension Plan
media@caatpension.ca