The merger of the Granite Club Pension Plan and the CAAT Pension Plan is subject to the Pension Benefits Act (Ontario) and its regulations. The legislation requires at least two-thirds of active members with a DB entitlement under the Granite Club Pension Plan to vote in favour of the merger.

For active members of the Granite Club Pension Plan with only non-DB benefits or employees not participating in the Granite Club Pension Plan, you do not have to vote.

Full-time employees will begin participating in the CAAT Pension Plan’s DBplus plan design on the later of October 1, 2026 and the completion of either:

1. Working 700 hours with Granite Club, or
2. Earning 35% of the Year’s Maximum Pensionable Earnings,

in each of two consecutive calendar years immediately prior to joining the plan.

Part-time/contract members will have the option to join DBplus on the later of October 1, 2026 and the completion of either:

1. Working 700 hours with Granite Club, or
2. Earning 35% of the Year’s Maximum Pensionable Earnings,

in each of two consecutive calendar years immediately prior to joining the plan.

To learn more, refer to your Information Package, prepared by Granite Club with the assistance of the CAAT Pension Plan. Your Information Package includes information specific to you.

Carefully review the personalized Information Package that you received by mail. It includes key information about the CAAT Pension Plan, and the effect of the proposed merger on your pension. You can also review some information about the proposed merger on this website.

Use the DBplus Value Tool to project your total pension from DBplus 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.

Effective October 1, 2026 you and Granite Club will make contributions into DBplus based on a percentage of your eligible earnings indicated in the table below:

The pension you earn in DBplus will be based on a combined total contribution rate of 7%, and all contributions are subject to maximum limits under the Income Tax Act (Canada).

The pension you earn as of October 1, 2026 would be under the CAAT Pension Plan, using its DBplus formula.

Beginning at the January 1 of the year after you retire, your DBplus pension will continue to grow with annual conditional inflation protection increases at a rate of 75% of the change in the Consumer Price Index (CPI) subject to the CAAT Pension Plan's Funding Policy. 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 you have questions about retirement prior to the merger or wish to change your personal or beneficiary information, please contact:

Kelly Gregory
Human Resources Generalist
Phone: 416-510-6668 ext 5693
Email: kgregory@graniteclub.com

or;

Divya Pascal
Human Resources Generalist
Phone: 416-510-6668 ext 4410
Email: dpascal@graniteclub.com

For any other inquiries, please contact CAAT Pension Plan at the number or email provided below.

Granite Club Pension Plan member services at the CAAT Pension Plan

Toll Free: 1.866.350.2228
Toronto area: 416.673.9000
Email: graniteclub@caatpension.ca