TORONTO, April 20, 2022 – The CAAT Pension Plan (‘the Plan’) released its annual report, the CAAT Digital Year in Review, showcasing its 2021 growth and innovation achievements. Serving more than 75,000 members in Canada, the Plan continues to help Canadians achieve a better life in retirement through innovative pension plan designs and features, such as DBplus with Contribution Choice.

Since introducing DBplus to the private and non-profit sectors, CAAT has expanded its suite of modern retirement solutions to serve Canada’s changing workplaces and emerging talent management challenges. The latest feature, DBplus with Contribution Choice, is tailored to minimize onboarding friction for employers and improve employee endorsement, delivering the retirement security that they need with the contribution flexibility they want at various life stages. Adding 100 participating employers in 2021, the Plan remains committed to upholding its status as one of Canada’s most sustainable and well-funded pension plans.

“Our team works hard to earn and maintain the trust of members and employers, and CAAT’s growth in 2021 is ultimately a win for them,” says Derek W. Dobson, CEO and Plan Manager at CAAT Pension Plan. “The 2021 Year in Review marks the latest chapter in CAAT’s 55-year record of delivering secure, reliable pensions to Canadian workers. As the business environment evolves, the need for financial security is growing. Members and employers can trust that CAAT will continue to adapt, providing more affordable and attractive workplace retirement plan options to help Canadians save today for a better retirement tomorrow.”

Pension benefits remain well-secured, backed by a healthy funded ratio of 124% on a going-concern basis, with $4.4 billion in funding reserves. Prudent management has contributed to the Plan’s continuous funding improvement for 11 consecutive years, reaching a market value of $18 billion. Sound investment decisions and a diversified asset mix has yielded 15.8% in net return on investments, increasing the Plan’s average 10-year net return to a top-decile rate of 11.1%.

The Plan welcomed notable employers such as Sanofi Pasteur, Greater Toronto Airports Authority, Ontario Dental Association, and the Conference Board of Canada. CAAT is open to growing membership from the for-profit, nonprofit, and broader public sectors. This includes workplaces currently offering defined benefit pension plans, defined contribution plans, group RRSPs, and those with no current workplace retirement savings plan.

The 2021 annual report is available on the Plan website. Additional highlights will be shared at the CAAT 2022 Annual Webinar on May 5, 2022. Visit the Plan website to register to attend.

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 200 participating employers in 11 industries including the for-profit, nonprofit, and broader public sectors. It currently has more than 75,000 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, 2022, the Plan was 124% funded on a going-concern basis.

Learn more at: www.caatpension.ca

For more information:
Media Relations
CAAT Pension Plan
media@caatpension.ca