CAAT Plan members may be able to make a purchase to increase their lifetime pension. Members may be able to make a purchase if they:

• Worked part time or on contract for an employer that participates in the CAAT Pension Plan before joining the CAAT Plan
• Had an unpaid leave of absence during your CAAT Plan membership
• Were a member of a Canadian registered pension plan, liked a defined contribution (DC) plan or an RRSP, before working for an employer that participates in the CAAT Plan

On average, contributions to a defined benefit (DB) pension plan can deliver twice as much retirement income as group RRSPs or defined contribution plans. This means your employees can increase their pension at no extra cost to you.

A pension purchase will also help maximize additional Plan benefits like survivor benefits, conditional average wage increases and conditional inflation protection. Members’ contributions will be secure, and once they retire, their pension payments will be predictable.

If your members want more information about pension purchases, consider booking a webinar on the topic by contacting presentations@caatpension.ca. Additionally, members can contact the CAAT Plan for questions or support.