A Better Pension With CAAT Pension Plan

The demand for employers to take a leading role is growing.

Employees want and need more focus on their financial wellness in the workplace.

While many CEOs, CHROs and CFOs say they are changing their talent strategies, only the most forward-looking leaders are gaining a real competitive advantage by providing what employees really want—a better pension plan.

77^%
of employees say employers are responsible for offering a pension plan.¹

89^%
of employers are already being impacted by the loss of talent and say competing for talent will become more challenging.²

What leaders need to know: Employees are struggling with their financial well-being

despite81^%

of the C-suite rating their employees' financial well-being as excellent or good,

only40^%

of employees report having ‘excellent’ or ‘good’ financial wellbeing.³

Employees want better workplace pensions

Why employers are offering a benefit that lasts a lifetime—literally.

Retirement security is a top source of stress for working Canadians. Organizations across Canada are now tapping into the link between workplace retirement plans, corporate social responsibility (CSR) and branding as a responsible employer of choice.

Job seekers expect a workplace pension, and prefer employers who offer them.

More than 70% of Canadians would forego a raise in favour of a workplace pension plan (see footnote 4).84% consider an employer-sponsored retirement plan to be a critical benefit (see footnote 5). 79% of Canadians say they are likely or very likely to change jobs for a better pension (see footnote 6).

The power of workplace pensions

A win-win for employers and employees.

Offering a secure workplace pension and retirement income is a key differentiator and competitive advantage for employers. It demonstrates investment in their talent, provides immediate value on a business and improves employee productivity and engagement.

Better Talent Attraction

Demonstrate a long-term investment in both existing and incoming talent, while reducing turnover costs and time.

Boosted Brand and Bottom Line

Pensions enhance compensation efficiency and workplace productivity, so employers can support employees’ savings needs while improving the bottom line.

No Liabilities, Minimized Risks

There are no financial risks when joining DBplus. Employers’ contributions are fixed and will not change, unless requested by the employer. Both employee and employer contribute to the Plan.

Achieve ESG and Financial Wellness

Promote corporate social responsibility by helping employees save towards a paycheque for life, which improves our social security system, quality and satisfaction of life, and holistic wellness.

“While many Canadians find themselves in a new job, employers also need to put the focus on those who stayed in their roles. It's now time for the ‘Great Recognition’ and to build a culture of appreciation.”

Ed Yuen, Vice President, Strategy and HR Outsourcing at ADP Canada

DBplus by the CAAT Pension Plan

Canada's modern workplace pension plan

There's a reason employers choose DBplus to meet their business goals.

CAAT Pension Plan is one of Canada's most sustainable, fastest-growing, and highest-performing pension plans. And, we're a not-for-profit.

Our DBplus offering is a unique and innovative design that unites the best of defined benefit, defined contribution and group RRSPs.

Why employers select DBplus as the pension solution of choice

Improve retention, recruiting, and productivity at no added cost

Cost-certainty with fixed contributions

A father sits with his daughter on his lap while working on a computer.

Flexible options to suit organizational needs and budget

Simple accounting and no hidden or extra costs for all services

A business woman interacts with a person in the foreground.

Fully supported transition by a team of pension experts

A businessman shows a colleague some details on his tablet.

Simple steps to implement

A modern business solution that improves the bottom line

The cost certainty employers want and the valuable lifetime income employees need.

Susan Black, CEO @ Conference Board of Canada

Susan explains how DBplus was key to reimagining employee benefits post-pandemic.

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Employers across Canada are winning the race for talent by offering DBplus in the workplace.

DBplus is now available to workplace across Canada, offering employers an opportunity to tap into a CAAT’s jointly sponsored pension plan, while offering unique and desirable features.

Read our success stories

“CAAT’s purpose is bigger than pensions—they really want to make Canada better... CAAT inspires me and captures the optimism and energy that makes Canada special.”

John Ruffolo, Founder and Managing Partner, Maverix Private Equity

A modern workplace retirement solution that delivers more value

Here’s how the power of Plus measures up.

The expected pension per dollar contributed is meaningfully higher with a modern DB plan, like CAAT’s DBplus.⁸

What each $1 of contribution provides on average in retirement:

Group RRSP or Defined Contribution Plans provides on average $2.58 per $1 contribution on retirement. Canada-model pension plans, like DBplus, offer $5.32 per $1 contribution on retirement.

As a world-class pension plan, our expert team focuses on strength and sustainability over the long term.

Some key statistics: 97% endorsement rate from CAAT's participating employers and members; +9.7% average 10-year net return rate; $18.2 Billion Net Assets; $4.7 Billion Funding reserves

Derek Dobson, CEO @ CAAT

Learn about the positive bottom-line impacts of offering a workplace retirement plan.