Useful and ready-to-print information for participating employers of the CAAT Pension Plan.
Download these resources to share the valuable features of the CAAT pension with your employees.
Use these resources to introduce new members to CAAT’s defined benefit (DB) pension and showcase its valuable features.
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Highlight the value of belonging to the CAAT Pension Plan at your next wellness fair or other staff events.
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Help your part-time and contract employees understand the features of DBplus so they can make an informed decision about joining. Note: this information does not apply to full-time employees at participating CAAT employers and may not apply to all employers.
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Content and templates you can use to leverage the CAAT Pension Plan for retention, recruitment, employee engagement and other business goals.
Learn how your CAAT Pension supports recruitment, drives retention, boosts engagement, and helps your organization win the marathon for talent.
Let candidates know you offer a secure workplace pension during your recruitment process.
Attract top talent with a valuable pension.
Show applicants the benefit of a secure retirement.
Add these PowerPoint slides to your HR presentations to explain the value of belonging to the CAAT Pension Plan to your new hires or at your next team event.
Key DBprime messages and information to copy and paste into your own presentations
Key DBplus messages and information to copy and paste into your own presentations
Please use the disclosure template(s) below when referring to the CAAT Pension Plan and plan designs in your financial statements*.
All full-time employees of the [Company], and any part-time employees of the [Company] who opt to participate, are members of the Colleges of Applied Arts and Technology Pension Plan (the “Plan”), which is a multi-employer jointly-sponsored defined benefit plan for eligible employees of public colleges and other employers in Ontario. The [Company] makes contributions to the Plan equal to those of the employees. Contribution rates are set by the Plan’s governors to ensure the long-term viability of the Plan.
Any pension surplus or deficit is a joint responsibility of the members and employers and may affect future contribution rates. The [Company] does not recognize any share of the Plan’s pension surplus or deficit. The most recent actuarial valuation filed with pension regulators as at January 1, 2023 indicated an actuarial surplus of $4,713 (2021 - $4,369). The College made contributions to the Plan and its associated retirement compensation arrangement of $YYY (2021 - $XXX) which has been included in salaries and benefits in the statement of operations.
*Disclaimer The information provided in this document is for general information only. It is not professional advice from the CAAT Pension Plan. CAAT Pension Plan is not a financial adviser. The CAAT Pension Plan encourages you to seek independent legal, accounting, taxation or other advice to determine how and if the information in this document relates to your particular circumstances. CAAT Pension Plan is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided in this document.
All full-time employees of [the Company], and any part-time employees of [the Company] who opt to participate are members of the Colleges of Applied Arts and Technology Pension Plan (the “Plan”), which is a multi-employer jointly-sponsored defined benefit plan for eligible employees of public colleges in Ontario and other employers. [The Company] makes contributions to the Plan equal to those of the employees. Contributions are set based on a predetermined rate and the Plan deficit (if it occurs) has no effect on the contribution rates.
[The Company] does not recognize any share of the Plan’s pension surplus or deficit. The most recent actuarial valuation filed with pension regulators as at January 1, 2023 indicated an actuarial surplus of $4,713 (2021 - $4,369). [The Company] made contributions to the Plan of $XX (2021 - $XX) which has been included in salaries and benefits in the statement of operations.