Both union and non-union employees at EHN Canada join a valuable defined benefits pension plan

Toronto, September 27, 2023 – Edgewood Health Network Canada (EHN Canada) has joined CAAT Pension Plan to provide its employees with a secure stable lifetime retirement income through DBplus. Eligible EHN Canada employees, including union and non-union positions, joined the Plan on July 9, 2023.

DBplus is an innovative workplace retirement solution that provides working Canadians with valuable lifetime pensions, all at a fixed contribution rate that employers can afford. Signature benefits include inflation protection and survivor benefits, provided by the Plan, with low risk to the employer.

"We are delighted to have EHN Canada employees join the Plan and enjoy valuable retirement benefits with DBplus," said Derek Dobson, CEO and Plan Manager, CAAT Pension Plan. "By joining our modern DB plan, EHN Canada is giving its employees a sustainable pension that provides financial security and stability. "

"Our employees and our management team recognize the importance of joining CAAT Pension Plan and DBplus for the tremendous value it represents," said Tammy Sergie, VP, People & Culture, EHN Canada. "We recognize that this is a win-win situation for our organization and employees. They enjoy a secure pension for life, while EHN Canada will see a boost in our recruitment and retention efforts. This move also simplifies the administration of our retirement plans."

EHN Canada joins other notable CAAT Pension Plan participating employers like Brink's Canada, Sanofi Pasteur, The Conference Board of Canada, Torstar, University of Saskatchewan, Vancouver Foundation, the Ontario Dental Association and Jamieson.

As of January 1, 2023, the CAAT Pension Plan had $18.2 billion in assets, an annualized 10-year net rate of return of 9.7%, and a healthy funding level of 124%. It is one of the highest-performing Canadian pension plans by 10-year annualized rate of return, according to the BNY Mellon Canadian Master Trust Universe.

About CAAT Pension Plan:
Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers two highly desirable designs of a defined benefit pension. CAAT's award-winning DBplus plan design is leading an extraordinary pace of growth for the Plan. Originally created to support the Ontario college system, the CAAT Plan now proudly serves more than 280 participating employers in 11 industries including the for-profit, non-profit, and broader public sectors. It currently has more than 81,000 active and retired members. The CAAT Plan is respected for its pension and investment management expertise and focus on stability and benefit security. At January 1, 2022, the Plan was 124% funded on a going-concern basis.

Learn more at: www.caatpension.ca.

About EHN Canada
EHN Canada is the nation’s largest private network of industry-leading mental health, trauma, and addiction treatment facilities, each with a passion for providing quality, evidence-based treatment for Canadians. We are committed to both caring for our patients and supporting their loved ones. With over 100 years of collective experience, our inpatient, outpatient, and online programs are offered across the country, providing essential compassionate care to patients wherever they are. EHN Canada prides themselves on providing both excellent and accessible care to all Canadians.

Learn more at: www.ehncanada.com.

For more information:
Media Relations
CAAT Pension Plan
media@caatpension.ca