June 2025 Member Newsletter

Catch the insights from our Annual Performance Update — now available to watch at your convenience.

This year’s session offers a closer look at how CAAT is delivering long-term retirement security for members across Canada. Learn how your pension remains strong, stable, and positioned for the future.

Hear from CAAT leadership, including Sonny Khindria, Vice President of Member Services and Derek Dobson, CEO and Plan Manager, as they discuss:

• The evolving tools to help you prepare for your retirement journey
• How the Plan’s 2024 investment performance supports long-term sustainability
• And ways in which your predictable stream of retirement income for life is embedded into everything we do

Watch to learn how CAAT is delivering for today, and preparing for tomorrow.

Strong funding levels allow CAAT to continue delivering lifetime retirement income to our members. As of January 1, 2025, the Plan has set aside $1.24 for every dollar promised in pensions, or a funding level of 124 percent on a going-concern basis.

In addition to our valuation, we released our Annual Report. Our strong performance in 2024 contributed to a 10-year annualized net rate of return of 9.6% and an annual net rate of return of 15.2%, reinforcing the sustainability and health of the Plan.

Explore our Annual Report.

We've heard from you that in retirement, income security doesn’t just apply to your pension, it also applies to what you can leave behind to those who matter most to you.

Starting May 28, 2025, we’re enhancing your pension plan to offer even greater protection and flexibility for your loved ones.

Here’s what’s new:

180-Month Minimum Payment Guarantee: CAAT is increasing the minimum payment guarantee from 60 times your original monthly lifetime payment amount to 180 times this same amount at no additional cost. The change is automatic and no action is required by you. This applies if you are alive on or after May 28, 2025. It does not apply to survivor pensions already in pay.

The pension guarantee is simply a guarantee that the pension payments paid to you and your survivors will total at least 180 times the amount of your first monthly lifetime pension payment.

100% Survivor Pension Option: If you retire on or after May 28, 2025, you will have a new option at retirement. You can choose to increase your spousal survivor benefit from 60% of your lifetime pension at the date of death to 100%. This option is in addition to the existing 75% option.

If you choose the 100% survivor pension option, your pension will be actuarially reduced, and the reduction will be permanent.

These enhancements increase the lifetime value of your pension contributions, strengthen the financial safety net for your loved ones, and demonstrate CAAT’s commitment to putting members first.

When the Plan does well, you and your loved ones benefit — today and for years to come.

This past March, we celebrated International Women’s Month by spotlighting the voices and experiences of women driving change at CAAT. These stories are part of our broader commitment: to amplify women’s voices and champion equity in leadership.

In a special episode of the Society of Actuaries Podcast, Karen Burnett, Vice President, Pension Solutions, shares her personal journey navigating career growth and leadership. Karen reflects on what it means to lead with purpose – from discovering her love of math on childhood road trips tochallenging outdated assumptions about women’s ambitions in the workplace.

We also celebrated the leadership of Jillian Kennedy, CAAT’s Chief Strategy Officer, in a feature published by the Calgary Herald. Jillian shares how CAAT is helping employers offer meaningful retirement solutions that support employee well-being and business success, making financial security more inclusive and accessible.

This summer, take charge of your financial future by registering for one of our monthly learning sessions with CAAT. Whether you're just starting your career or planning for retirement, our expert-led sessions will help you understand your defined benefit pension, and provide you with the knowledge to make informed decisions about your future. Come learn about all the valuable benefits that you have as a CAAT Plan member.

Our online learning sessions are free, open to everyone, and you can join a webinar from anywhere, including the comfort of your own home. Find the time that’s right for you on our website.

We are excited to announce the launch of the new Annual Pension Insights page on My Pension this July. With this feature you can find:

• Interactive graphs: Engage with graphs that show the increase of your pension compared to the previous statement year.
• Historical insights: As you participate in the Plan, you can access your current and previous annual insights.
• Detailed pension breakdowns: View breakdowns of the pension you’ve accrued and your contributions to the Plan.

The Annual Pension Insights page is live right now! 

My Pension has all of your personalized pension information in one secure location. You can also manage your contact information and send and receive pension documents.

If you are a DBplus member, you can view your contribution rates on My Pension.

If you haven’t logged in before, you can sign up now.

As a valued member of CAAT, the feedback you provide about your experience with the Plan helps us improve the way we serve your needs. We know your time is valuable, but we hope you take the time to complete our Annual Member Survey.

How to participate: 

You will have received an email with your link and passcode to participate by July 18. The survey is voluntary and takes about 20 minutes. 

Survey topics include: 

• Satisfaction with the Plan 
• Accessing and managing pension information  
• Experience with Plan communications  
• Suggestions for improvements 

We can’t wait to hear your thoughts!