As a member of the CAAT Pension Plan, you receive an annual statement with information about your pension. It summarizes how much pension you earned at the end of the previous year, how your pension has increased since your previous statement, and shows up to three possible retirement dates.
Watch the video below to learn how to read your annual statement.
Read the Q&A to learn more about your annual statement.
This important document contains a variety of information, focusing on your estimated retirement dates and future pension you are expected to receive.
Your statement provides you with the most detailed information possible about your Plan membership, allowing you to see how the pension formula is applied to your individual circumstances.
Over time, you can track how your benefit grows as your service increases. You'll be able to see at a glance the pension you have earned to the end of the previous year, as well as your projected earliest retirement dates.
Your employer provides the Plan with payroll data such as your earnings, breaks in employment and service purchases for the previous year.
Once we have received all of the required information, the statements are processed.
Most statements are delivered during the month of June.
If you received a My Pension registration package in the winter, you can log in to the portal and see your statement there, once it has been produced.
If you select electronic communication from the portal settings, you will stop getting mailed statements.
Note that if the paper statement is produced before you select electronic communications, we will mail you that statement, so the sooner you make the selection, the better.
You’ll get an email in the email inbox that you set up when you activated your portal account.
It won’t mention your statement, but when you login, your dashboard will display your statement.
Be sure to download the Statement Companion at the same time.
Statements are printed based on each member’s preference. If, on the day they were printed, you had not yet opted in to no-paper statements, you will have received a print version.
No matter what, your statement is also available on My Pension for you to access at any time.
Be sure to log in to My Pension to see your statement, and confirm that your settings are set to receive communications from CAAT online.
Each employer transmits member information to the Plan over a secure network. It is stored in a password-protected database, which can only be accessed by the CAAT Plan staff members who process and verify the data.
Paper statements are delivered to members in a lined envelope for added security, and for users of My Pension, Statements are securely stored there.
Take a close look at your statement to make sure that the information it contains matches your records. Notify your employer if there are any changes to be made to your personal information so that your file can be updated for next year.
Your statements are important financial documents and, as such, should be kept in a safe location. If you have a My Pension account, your statement will be stored there, and you can read it any time.
Yes. Your Statement is made up of all your Plan data – it includes your total pension – even if you earned it in multiple different employers.
Pension regulations require that members receive an annual statement that details the pension they earned up to the end of the last calendar year.
Yes. You can contact the Plan by phone at 1.866.350.2228 or email email@example.com to request a copy of your annual statement. If you have a My Pension account, you can login any time to see your statement there.
Your statement is a personalized tool just for you, making it one of your most powerful retirement-planning resources. Your annual statement is also: