For the pension you earn in the CAAT Pension Plan (starting on and after January 1, 2016), your pension will be calculated using the applicable formula and early retirement adjustments for your periods of participation in the DBplus and/or DBprime Plan design(s).
Pensionable earnings and best/highest average pensionable earnings
Pensionable earnings as determined under the ROM Pension Plan will be recognized for years before the plan merger (effective January 1, 2016). Starting January 1, 2016, pensionable earnings are based on CAAT Plan provisions. To calculate your combined pension at any date after the merger, the higher of your Best Average Earnings (BAE) under the ROM Pension Plan as of December 31, 2015 and the Highest Average Pensionable Earnings (HAPE) under the DBprime Plan design will be used to determined the pensionable earnings recognized under both plans at the date of calculation will be used.
If you have since transferred to the DBplus Plan design, your HAPE was frozen on the day you joined DBplus. For every year you continue to earn a benefit in DBplus your HAPE will continue to grow with conditional average industrial wage (AIW) increases, as measured by Statistics Canada, an agency of the Government of Canada. When granted, each AIW enhancement becomes a permanent part of your promised pension.