February 22, 2024 (Toronto, ON) – CAAT Pension Plan (‘CAAT’) is pleased to announce the promotion of two senior executives to meet the demand for its open, modern defined benefit (DB) plan design, DBplus. Effective immediately, Sabeen Purewall has been promoted to Vice President, Solutions & Partnerships. Graham Stone has been appointed to Acting Vice President, Pension Solutions.
In his new role, Sabeen will work closely with business leaders and strategic partners to help organizations achieve talent attraction and retention and reduce turnover costs through CAAT’s flexible pension plan. Sabeen previously served as director of solutions and partnerships and led marketing initiatives on the culture and performance value of pensions, during which he converted awareness into action to help businesses reduce costs, risks and retirement income insecurity in the workplace.
In his interim position, Graham will provide a highly targeted approach to expand modern DB coverage with key stakeholders that possess unique organizational needs and structures. Most recently as director of pensions solutions, Graham provided decision support and tailored solutions to organizations introducing DBplus, applying over three decades of actuarial pension consulting experience.
“Sabeen and Graham have significant experience working with leaders across Canada to understand their dynamic needs in a multitude of industry environments, including private and non-profit sectors.” said Derek Dobson, CEO and Plan Manager of CAAT Pension Plan. “They understand the evolving talent challenges employers and key stakeholders face. Their ability to problem-solve with personalized service and passion reflects CAAT’s deeper purpose to improve retirement income security for all Canadians.”
DBplus is a modern DB pension plan available to organizations of all sizes and industries in the private, non-profit and broader public sectors. The award-winning design combines cost certainty for employers with secure, predictable retirement income for employees. Employers are attracted to DBplus because of its flexibility and its ability to address talent management objectives, such as attracting and retaining top talent and driving employee wellness and productivity.
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 370 participating employers in 20 industries including the for-profit, non-profit, and broader public sectors. It currently has more than 94,000 active and retired members. The CAAT Plan is respected for its pension and investment management expertise and focus on stability and benefit security. On January 1, 2023, the Plan was 124% funded on a going-concern basis.
Learn more at: www.caatpension.ca.