Independent Governance Review Underway

Toronto, February 5, 2026 – CAAT’s Board of Trustees established an independent governance review after becoming aware of concerns related to a vacation payment to the Plan's CEO. This review is led by external expert and will cover CAAT’s governance policies, procedures and practices.

The governance-related issues do not affect the Plan’s financial health or its ability to deliver secure, predictable pensions to members.

The Board will carefully consider any recommendations to ensure governance continues to align with best practices. The Board expects the review to be completed in February, 2026.

The Plan is in strong financial shape. CAAT's most recent independent valuations show the Plan at a 124% funded status. This means for every $1 of pension benefits CAAT has promised to members, the Plan has $1.24 in assets. With more than $23 billion in assets and over $6 billion in funding reserves, the Plan is well positioned to withstand market volatility, demographic change, and other risks. Stress testing confirms a greater than 99% probability that the Plan will remain fully funded over the next 20 years.

About CAAT:

Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers highly desirable modern defined benefit pensions. Originally created to support the Ontario college system, the CAAT Plan now proudly serves more than 800 participating employers in 20 industries, including the for-profit, non-profit, and broader public sectors. It currently has more than 125,000 members. The CAAT Plan is respected for its pension and investment management expertise and focus on stability and benefit security. On January 1, 2025, the Plan was 124% funded on a going-concern basis. 

Learn more at: www.caatpension.ca.

For more information:
Media Relations
CAAT Pension Plan
media@caatpension.ca