Create a larger lifetime retirement income for yourself
Your defined benefit pension from the CAAT Plan is the cornerstone of your retirement income. It will provide you with a lifetime of monthly pension payments after you retire. Even though your pension is calculated using a fixed formula, there is a way to increase the amount of pension you receive by making a purchase.
You can make a purchase and grow your CAAT pension if you were contributing to a registered pension plan with a previous employer. You may be able to make a purchase in respect of that membership. You can also make a purchase for an unpaid leave of absence or statutory leave, while you are a member, or even periods you worked for your current employer before you enrolled in the CAAT Pension Plan. This is known as an ‘eligible period of purchase’.
How to increase your pension if you’re a member of DBplus.
How to increase your pension if you’re a member of DBprime.
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