Toronto, December 14, 2022 – The Canadian Coalition for Good Governance (CCGG) has joined the CAAT Pension Plan under DBplus on behalf of its employees. The organization promotes good governance practices in Canadian public companies and sought a defined benefit pension plan that reflected its principles.
“Our participation in a DB plan speaks to our beliefs and values as an organization and demonstrates our commitment to our employees,” said Catherine McCall, Executive Director, Canadian Coalition for Good Governance. “We want to provide our talented and hard-working team with the best solution for a secure and stable retirement. We are excited to be partnering with CAAT to do just that.”
DBplus is a sophisticated workplace retirement solution that provides working Canadians with valuable lifetime pensions. Signature benefits include inflation protection and survivor benefits – all at a fixed contribution rate.
“CAAT is proud to welcome members from CCGG to DBplus. Employers are integral to helping employees save sufficiently towards a brighter and more financially secure future in retirement,” said Derek Dobson, CEO and Plan Manager, CAAT Pension Plan. “As more organizations embrace their role in supporting employee wellbeing, it’s encouraging to see employers like CCGG step up their commitment to investing in employees’ financial wellness.”
The Canadian Coalition for Good Governance 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 Pension Plan has $18.2 billion in assets, a year-over-year net rate of return of 15.8%, and an annualized 10-year net rate of return of 11.1%.
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 280 participating employers in 11 industries including the for-profit, nonprofit, and broader public sectors. It currently has more than 81,000 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.
About Canadian Coalition for Good Governance
Representing the interests of institutional investors, the Canadian Coalition for Good Governance promotes good governance practices in Canadian public companies, including the governance of environmental and social matters, and assists institutional investors in meeting their stewardship responsibilities. CCGG also works toward the improvement of the regulatory environment to best align the interests of boards and management with those of their shareholders, and to promote the efficiency and effectiveness of the Canadian capital markets.
For more information:
Media Relations
CAAT Pension Plan
media@caatpension.ca