Skills Ontario and Fraser Group latest employers to join CAAT
Toronto, May 11, 2020 – Demand for the CAAT Plan’s DBplus offering is leading to extraordinary pace of growth for the plan. Since the launch of DBplus 18 months ago, CAAT has attracted 33 additional participating employers and more than 15,000 new members, representing nine industries across the for-profit, not-for-profit, and broader public sectors. DBplus is proving to be the answer for organizations of all sizes seeking an innovative pension solution.
The award-winning DBplus plan design marries the best of traditional defined contribution plans and traditional defined benefit plans for an innovative workplace retirement solution. It provides fixed contributions and no balance sheet risk for employers, and pension certainty, more security and less risk for employees. DBplus has made secure defined benefit pensions accessible to more working Canadians across the country, and base planning assumptions are that the CAAT Plan will grow by 300,000 members in the next six years.
The newest participating employers to join DBplus are Skills Ontario and Fraser Group.
- Skills Ontario is an organization dedicated to building Ontario’s skilled trades and technology workforces. Skills Ontario joined retroactive to January 1, 2020.
- Fraser Group, a marketing information and research firm that works with the employee benefits and insurance markets in Canada, joined on March 1, 2020.
Join CAAT’s Annual Webinar on May 12, 2020 from 12:00 p.m. to 1:00 p.m. EDT. After a brief presentation highlighting the Plan’s 2019 performance, Derek W. Dobson, CAAT’s CEO, will be available to answer questions about the financial health of the Plan and its continued sustainability during these uncertain times. [This webinar has ended] A recording of the webinar will be available in the coming days.
“We are delighted to welcome these new organizations and their members into the CAAT Pension Plan. We are proud of being able to provide a secure, simple, and valuable pension solution that works for a variety of groups across Canada.”
Derek W. Dobson, Chief Executive Officer, CAAT Pension Plan
“We are very pleased to offer a secure and predictable defined benefit pension to Skills Ontario employees without taking on the financial risks associated with single employer plan. The response from staff has been overwhelmingly positive. The DBplus team at CAAT has been great to work with through the transition process, answering all of our questions with patience, expertise and professionalism.”
Ian Howcroft, Chief Executive Officer, Skills Ontario