Increasing membership in the Plan means greater benefit security through membership diversity and growth.

Growth helps the Plan’s funding reserves grow faster, which makes the Plan more resilient during periods of economic volatility. Additionally, growth brings cost efficiencies that help keep your pension secure.

Celebrating one year of DBplus

Launched in 2019, DBplus is a defined benefit pension plan with fixed contribution rates for members, matched by employers. In its first year, DBplus has provided members of the CAAT Pension Plan who work part time or on contract with the opportunity to earn a predictable, secure, defined benefit pension in retirement, paid for life.

A year in review of DBplus

To celebrate this milestone, here are a few facts about the first year of the DBplus plan design:

• There are more than 10,000 DBplus members in the Ontario college system, plus 13,000 who joined from a wide range of employers from across Canada.
• Nearly 300 retired members are currently collecting a lifetime pension in DBplus.