The pandemic may have affected many aspects of your life, but rest assured, your pension isn’t one of them. The CAAT Pension Plan’s strong governance structure, investment expertise and Funding Policy continue to deliver secure retirement income.
The CAAT Plan started 2020 from a strong funded position with the January 1, 2020 actuarial valuation showing funding reserves of over $2.9 billion. We have purposely built reserves over time to keep the Plan resilient. The CAAT Plan continues to be well funded, and our Plan assets have grown from their starting position of $13.5 billion at the beginning of 2020.
We have adapted to working remotely and continue to deliver quality service, and your pension, on time.