Review your personalized Notice of Proposed Merger Package carefully. It includes key information about the CAAT Pension Plan, and the impact of the proposed merger on your pension. You can also review some information about the proposed merger on this website.

Refer to the page in your Notice of Proposed Merger Package titled "Estimate your pension". Input the information marked "A" through "C" into the DBplus Estimator Tool to project your total pension from DBplus if the merger is approved and get an estimate of your pension at different retirement dates.

We will be holding member information sessions where you can learn about the proposed merger and ask any questions.

For active unionized plan members: in order to consent to the merger, your union must submit a consent form on behalf of its members by September 28, 2026. The notice we are sending you is for informational purposes only, and no action is required by you.

For active non-bargaining plan members: to vote in favour of the merger, you must detach, complete, and return the Consent form at the back of your Notice of Proposed Merger Package. Use the self-addressed, postage-paid envelope in your merger package to return your consent form. Alternatively, you can use the drop box located at the Human Resources Office at the Granite Club to submit your Consent form. Consent forms must be received by  September 28, 2026 in order to count. A consent form that is not returned, or that is received after the deadline, counts as a “No” vote.

For active members of the Granite Club Pension Plan with a DB entitlement, your total pension at retirement will be calculated in two parts:

• Following regulatory consent, the pension you have earned under the Granite Club Pension Plan prior to October 1, 2026 will be transferred and replicated in the CAAT Pension Plan.
• The pension you earn as of October 1, 2026 will be under the CAAT Pension Plan, using its DBplus formula.

The two pension amounts will be combined to make your total annual lifetime pension. When you retire, your pension will be paid on the first day of every month from the CAAT Pension Plan. Because your pension will have been earned in two distinct plans, two different sets of rules will apply to your total pension. Note that payments for both the pension earned under the Granite Club Pension Plan and the pension earned under the CAAT Pension plan must start at the same time.

If the merger is completed, your DBplus pension, once in pay, will continue to grow with annual conditional inflation protection increases at a rate of 75% of the percent change in the Consumer Price Index (CPI), beginning January 1, 2027 (or from your pension commencement date, if later). These increases will allow your pension to continue to grow with the economy, maintaining your spending power in retirement. Inflation protection increases are conditional on the CAAT Pension Plan Funding Policy. If the merger is completed:

• Any benefit you earn under the DBplus plan design will have annual conditional inflation protection increases applied at the beginning of each year your pension is in pay; and,
• Your Granite Club Pension Plan benefit will receive a guaranteed indexing adjustment equal to 75% of the change in CPI each year your pension is in pay.

Review your personalized Notice of Proposed Merger Package carefully. It includes key information about the CAAT Pension Plan, and the impact of the proposed merger on your pension. You can also review some information about the proposed merger on this website.

Refer to the page in your Notice of Proposed Merger Package titled "Estimate your pension". Input the information marked "A" through "D" into the DBplus Value Tool to project your total pension from DBplus if the merger is approved and get an estimate of your pension at different retirement dates.

We will be holding member information sessions where you can learn about the proposed merger and ask any questions.

For active unionized plan members: in order to consent to the merger, your union must submit a consent form on behalf of its members by September 28, 2026. The notice we are sending you is for informational purposes only, and no action is required by you.

For active non-bargaining plan members: to vote in favour of the merger, you must detach, complete, and return the Consent form at the back of your Notice of Proposed Merger Package. Use the self-addressed, postage-paid envelope in your merger package to return your consent form. Alternatively, you can use the drop box located at the Human Resources Office at the Granite Club to submit your Consent form. Consent forms must be received by  September 28, 2026 in order to count. A consent form that is not returned, or that is received after the deadline, counts as a “No” vote.

Effective October 1, 2026 you and Granite Club will make contributions to DBplus based on a percentage of your eligible earnings indicated in your Notice of Proposed Merger Package.

The pension you earn in DBplus will be based on a combined total contribution rate of employee and employer contributions, and all contributions are subject to maximum limits under the Income Tax Act (Canada).

For active members of the Granite Club Pension Plan with a DB entitlement, your total pension at retirement will be calculated in two parts:

• Following regulatory consent, the pension you have earned under the Granite Club Pension Plan prior to October 1, 2026 will be transferred and replicated in the CAAT Pension Plan.
• The pension you earn as of October 1, 2026 will be under the CAAT Pension Plan, using its DBplus formula.

The two pension amounts will be combined to make your total annual lifetime pension. When you retire, your pension will be paid on the first day of every month from the CAAT Pension Plan. Because your pension will have been earned in two distinct plans, two different sets of rules will apply to your total pension. Note that payments for both the pension earned under the Granite Club Pension Plan and the pension earned under the CAAT Pension plan must start at the same time.

If the merger is completed, your DBplus pension, once in pay, will continue to grow with annual conditional inflation protection increases at a rate of 75% of the percent change in the Consumer Price Index (CPI), beginning January 1, 2027 (or from your pension commencement date, if later). These increases will allow your pension to continue to grow with the economy, maintaining your spending power in retirement. Inflation protection increases are conditional on the CAAT Pension Plan Funding Policy. If the merger is completed:

• Any benefit you earn under the DBplus plan design will have annual conditional inflation protection increases applied at the beginning of each year your pension is in pay; and,
• Your Granite Club Pension Plan benefit will receive a guaranteed indexing adjustment equal to 75% of the change in CPI each year your pension is in pay.