Canadian Coalition for Good Governance Becomes Employer of Choice

Not-for-profit enhances their employee value proposition to compete with the public sector for top talent

Industry not-for-profit
Employer size: Less than 300 employees
Objective: talent attraction and retention

About the Canadian Coalition for Good Governance

The Canadian Coalition for Good Governance (CCGG) is a not-for-profit organization representing the interests of institutional investors. They are responsible for promoting good governance in Canadian public companies, improving the regulatory environment, and advancing the efficiency and effectiveness of Canadian capital markets. They represent 55 major institutional investors managing $6 trillion in assets.

The Challenge

Searching for a Better Pension Solution

The CCGG wanted to give its employees the retirement security they deserved. Previously offering a group RRSP, CCGG didn’t think it could offer the type of pension plans provided by larger organizations or the public sector. They set out to find a solution that would give its small but mighty workforce the peace of mind that comes with a defined benefit (DB) pension plan.

The Solution

DBplus: The Secure and Flexible Option

The CCGG sought a pension solution that would meet its unique needs while ensuring a predictable, lifetime retirement income for all its employees. They were drawn to CAAT Pension Plan for several reasons, including its strong plan performance, sustainable growth, and DBplus’ flexible options. 

The most attractive feature of DBplus for CCGG was it provided a fixed-cost retirement arrangement with flexible terms and contribution rates, which they could tailor to meet the needs of the organization and its employees. This allowed CCGG to give its employees access to DB plan benefits, providing a higher value for their hard earned dollars. With DBplus, every $1 of contribution generates an average of $5.32 in retirement income, compared to $2.58 from large group RRSPs and DC plans. 

The Results

Employees Enjoy more Value Per Dollar with DBplus

Through DBplus, CCGG was able to accomplish its goal of providing better retirement benefits to its employees. As a small employer, they were especially pleased they could offer access to a defined benefits (DB) pension plan while working with a partner committed to creating better outcomes for Canadians.

DBplus offered CCGG employees more value per dollar for their contributions compared to their previous RRSP arrangement. Recognizing the added value while understanding the lasting impact it could have on their employees’ long-term retirement and financial security, CCGG opted to increase their employer contributions from their previous group RRSP arrangement. This increase demonstrated CCGG’s commitment to long-term employee wellness and helped CCGG remain a competitive employer when it comes to attracting and retaining top-tier talent.

Catherine McCall
“We didn’t think a small organization like ours had access to a secure modern defined benefits plan. When we learned we could offer our employees this valuable benefit through DBplus while simultaneously ensuring fixed costs to our bottom line, we knew we had our solution. The sustainability, performance, and growth of the CAAT Pension Plan were deciding factors in our choice – no other solutions came close.”
Catherine McCall
CEO,
CCGG

Meeting Unique Needs

When it comes to attracting and retaining talent for smaller employers or non-profits, CAAT's DBplus pension plan design helps organizations:

  • ✔Demonstrate a long-term commitment to employee wellness
  • ✔Enhance total rewards packages
  • ✔Remain competitive with the public sector and larger organizations currently offering the coveted and in-demand benefit of a DB pension
  • ✔Emerge as employers of choice for top talent

DBplus enables organizations across Canada to offer a world-class pension, giving employees what they want and need - at an affordable rate.

Upgrade your retirement. Great companies deserve a great pension.

Our Pension Solutions team is ready to assist you in making the transition to DBplus as smooth as possible, ensuring your employees benefit from a secure pension plan.

Fill out the form below to:

  • Book a 30-minute consultation
  • Request additional information
  • Learn how to join DBplus

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