Did you know that DBplus makes it easy to save for retirement while working part-time or on contract? DBplus offers short-term and long-term advantages, whether retirement is a few years away or a distant dream.
Membership in CAAT’s defined benefit (DB) pension plan is one of the advantages of working for your employer. It means you can build your future retirement income while you work. Your employer will match your contributions, dollar for dollar, so you get an even larger pension in retirement.
Membership in CAAT Pension Plan is valuable. With a Canada-model DB pension plan, like CAAT, every $1 of member contribution provides on average $5.32 in retirement1.
What you get with a CAAT Pension
- Monthly pension payments in retirement – every month, for as long as you live
- Annual increases, conditional on funding, to help you offset rising inflation
- Contributions matched by your employer
- Flexible retirement options that mean you can retire early
- Survivor benefits to protect your loved ones
- Reduced worry and stress of saving for retirement
- Flexible options if you leave your job before you’re ready to retire
- Start earning a pension in DBprime if you take on a full-time permanent position
It’s an important decision and once you enrol, you can’t opt out. CAAT has resources to help you learn more.
- Try the DBplus Evaluation Tool to see how much lifetime pension you can earn.
- Visit the CAAT website for information and videos to help you understand if enrolling in CAAT is right for you.