“Conditional” means it is paid when the Plan can afford it. Inflation protection increases on pensions earned in the CAAT Plan from 2007 onward is a conditional benefit.

CAAT’s Funding Policy sets out the guidelines for using funding reserves and granting conditional benefits within six funding levels. This framework allows CAAT’s governors to make informed decisions, based on plan strength, that help keep the Plan sustainable for the long-term benefit of all members.

The Plan has granted conditional inflation protection every year since 2007 when it was implemented and is the highest priority of the Plan’s governors.

Visit the Funding page to learn more.