What happens to my pension if I leave my job?

When you leave your job, your employer’s HR department will notify the CAAT Plan of your last day worked, at which time your 24-month extension of membership period will begin.

If you start working at another CAAT Plan employer during the 24-month extension, your membership will continue seamlessly.

If you are starting employment with a new employer that does not participate in the CAAT Plan, but offers a pension plan, and you are interested in transferring your pension, you should contact your new employer immediately to explore your options.

During the extension of membership, you may choose to transfer existing tax-sheltered funds into the GROWTHplus Investment Account (GROWTHplus) and benefit from CAAT’s investment returns, together with the secure lifetime pension you have with CAAT. As a deferred member you can continue to participate in GROWTHplus throughout your lifetime.

At the end of the 24-month extension of membership period, you will receive notification from CAAT Pension Plan outlining your additional termination options, including the monthly amount of deferred pension you can receive from the Plan, and the commuted value amount.