“The CAAT Pension Plan is pleased to see the Government of Ontario’s intention in FES 2024 to bring forward a consultation on Variable Life Benefit (VLB) Standards. VLBs represent meaningful innovation within the retirement savings industry, providing Ontarians with the option to convert their tax-sheltered savings into a lifetime retirement income stream while retaining the potential to benefit from investment market returns. The introduction of VLB standards in the future will be a critical step forward in driving further innovations in lifetime retirement income offerings from CAAT and other industry leaders.

With the recent launch of CAAT’s new GROWTHplus Investment Account, our members would be able to utilize VLBs when available. We look forward to participating in the upcoming consultation.”

- Derek W. Dobson, CAAT Pension Plan CEO and Plan Manager

About CAAT Pension Plan:

Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers highly desirable modern defined benefit pensions. Originally created to support the Ontario college system, the CAAT Plan now proudly serves more than 500 participating employers in 20 industries, including the for-profit, non-profit, and broader public sectors. It currently has more than 100,000 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, 2024, 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

For information on how employers can join CAAT, please visit:
caatpension.ca/pension-solutions/how-to-join