CAAT is well-funded
The CAAT Pension Plan is 124% funded as at January 1, 2024, meaning that there is $1.24 set aside for every $1 of pension that needs to be paid to retirees. As a result of CAAT’s funded status as at January 1, 2024, and in accordance with CAAT’s Funding Policy, conditional benefits like inflation protection and AIW increases have been granted through to 2027.
The Funding Policy defines six levels of Plan financial health and sets guidelines for the Plan governors to use reserves and conditional benefits to manage through periods of volatility, to keep the Plan sustainable over the long term to secure benefits while balancing fairness across the membership.
Learn more about CAAT’s Funding Policy.
Joint governance: adding value
Members and employers have an equal say in and share the risks of Plan decisions through their representatives on the Plan’s governing bodies: the Sponsors’ Committee and the Board of Trustees. This joint governance structure is recognized as a model for success in keeping defined benefit pension plans sustainable.