2026 Budget promotes stronger retirement security for more Ontarians

Toronto, March 30, 2026 — “CAAT Pension Plan (“CAAT”) was very pleased to see that the Ontario Government’s 2026 Budget included several important initiatives aimed at improving retirement security and supporting Defined Benefit pension plans like CAAT to reduce administration and cost.

The introduction of a Variable Life Benefits (VLB) framework will lead to improved retirement outcomes, enabling a new pathway to convert tax-sheltered savings into a lifetime income stream. This is important public policy that recognizes the challenges that many face today and shows concrete action to enable novel solutions.

CAAT values our strong working relationship with the Government of Ontario and looks forward to seeing these important changes realized.”

- Kevin Fahey, CAAT Pension Plan Interim CEO & Plan Manager and Chief Investment Officer

About CAAT

Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers highly desirable modern defined benefit pensions. Originally created to support the Ontario college system, the CAAT Plan now proudly serves more than 800 participating employers in 20 industries, including the for-profit, non-profit, and broader public sectors. It currently has more than 125,000 members. The CAAT Plan is respected for its pension and investment management expertise and focus on stability and benefit security. On January 1, 2025, the Plan was 124% funded on a going-concern basis.

Learn more at: www.caatpension.ca.